OFI Invest Asset Management Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OFI Invest Asset Management acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 2,591 shares of the financial services provider’s stock, valued at approximately $531,000.

Other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $38,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies in the third quarter worth about $41,000. Finally, Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $235.40 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $115.61 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.70 and a beta of 0.95. The firm has a 50 day simple moving average of $222.83 and a 200 day simple moving average of $223.35. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Analyst Ratings Changes

A number of brokerages have commented on MMC. Barclays raised their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $230.44.

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.