Asset Management One Co. Ltd. Purchases 11,763 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Asset Management One Co. Ltd. grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 209,566 shares of the financial services provider’s stock after acquiring an additional 11,763 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $44,736,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MMC. Assenagon Asset Management S.A. boosted its holdings in Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. FMR LLC boosted its stake in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after buying an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after acquiring an additional 504,897 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after acquiring an additional 426,425 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Marsh & McLennan Companies by 219.5% during the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after acquiring an additional 363,569 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $231.06 on Friday. The business’s 50 day moving average is $216.66 and its 200-day moving average is $221.83. The firm has a market cap of $113.48 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $195.99 and a 1-year high of $235.50. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.