Global Retirement Partners LLC Grows Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Global Retirement Partners LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,725 shares of the financial services provider’s stock after buying an additional 62 shares during the quarter. Global Retirement Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies in the third quarter valued at about $31,000. Financial Life Planners bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Finally, Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $230.05 on Friday. The business’s 50-day moving average is $218.22 and its two-hundred day moving average is $222.25. The company has a market capitalization of $112.98 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.63 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MMC shares. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Barclays raised their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company 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.