Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,622 shares of the financial services provider’s stock after buying an additional 2,440 shares during the period. Bleakley Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $6,929,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 16.2% in the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 1,088 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 152 shares during the last quarter. Tyche Wealth Partners LLC lifted its stake in Marsh & McLennan Companies by 14.6% in the fourth quarter. Tyche Wealth Partners LLC now owns 1,554 shares of the financial services provider’s stock valued at $330,000 after buying an additional 198 shares during the last quarter. Choreo LLC grew its position in shares of Marsh & McLennan Companies by 1.9% during the fourth quarter. Choreo LLC now owns 16,068 shares of the financial services provider’s stock worth $3,407,000 after acquiring an additional 305 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Marsh & McLennan Companies by 5.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,033 shares of the financial services provider’s stock valued at $10,875,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its stake in shares of Marsh & McLennan Companies by 121.2% in the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.1 %

NYSE:MMC opened at $225.61 on Thursday. The stock’s 50-day moving average is $217.23 and its two-hundred day moving average is $221.46. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock has a market cap of $110.80 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $191.95 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Ratings Changes

MMC has been the topic of a number of research analyst reports. BMO Capital Markets raised their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $229.13.

Marsh & McLennan Companies 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.