Marsh & McLennan Companies, Inc. (NYSE:MMC) is Walter Public Investments Inc.’s 4th Largest Position

Walter Public Investments Inc. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,942 shares of the financial services provider’s stock after buying an additional 448 shares during the period. Marsh & McLennan Companies accounts for about 4.3% of Walter Public Investments Inc.’s portfolio, making the stock its 4th largest holding. Walter Public Investments Inc.’s holdings in Marsh & McLennan Companies were worth $23,990,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MMC. AMF Tjanstepension AB increased its stake in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after buying an additional 19,024 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Marsh & McLennan Companies by 4.3% in the third quarter. Arkadios Wealth Advisors now owns 2,752 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 114 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of Marsh & McLennan Companies by 6.5% in the third quarter. Strategic Blueprint LLC now owns 3,917 shares of the financial services provider’s stock valued at $874,000 after purchasing an additional 240 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $200,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 1.2 %

NYSE:MMC opened at $231.49 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average is $219.46 and its two-hundred day moving average is $222.57. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $235.50. The stock has a market capitalization of $113.69 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS 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%. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on 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. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target 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. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $230.44.

About Marsh & McLennan Companies

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.