Richardson Financial Services Inc. Buys 186 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Richardson Financial Services Inc. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 67.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461 shares of the financial services provider’s stock after buying an additional 186 shares during the period. Richardson Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $98,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its stake in Marsh & McLennan Companies by 14.9% during the fourth quarter. DAVENPORT & Co LLC now owns 91,056 shares of the financial services provider’s stock worth $19,341,000 after acquiring an additional 11,804 shares in the last quarter. Tritonpoint Wealth LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $356,000. Tokio Marine Asset Management Co. Ltd. boosted its position in Marsh & McLennan Companies by 232.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,991 shares of the financial services provider’s stock valued at $9,132,000 after buying an additional 30,051 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Marsh & McLennan Companies by 1.3% during the fourth quarter. Concord Wealth Partners now owns 6,155 shares of the financial services provider’s stock worth $1,307,000 after buying an additional 78 shares during the last quarter. Finally, Concord Asset Management LLC VA lifted its stake in shares of Marsh & McLennan Companies by 1.4% in the 4th quarter. Concord Asset Management LLC VA now owns 6,048 shares of the financial services provider’s stock valued at $1,285,000 after acquiring an additional 84 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $216.90 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $217.65 and a 200 day simple moving average of $221.40. Marsh & McLennan Companies, Inc. has a 12-month low of $190.41 and a 12-month high of $235.50. The company has a market cap of $106.52 billion, a P/E ratio of 26.71, a PEG ratio of 2.30 and a beta of 0.96.

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 net margin of 16.82% and a return on equity of 32.65%. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.67 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Analyst Ratings Changes

MMC has been the subject of several research reports. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday, January 10th. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped 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 report on Tuesday, October 22nd. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $229.40.

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.