Howard Capital Management Inc. Has $658,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Howard Capital Management Inc. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,100 shares of the financial services provider’s stock after acquiring an additional 148 shares during the period. Howard Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $658,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MMC. AMF Tjanstepension AB boosted its position in shares of Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after buying an additional 19,024 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Marsh & McLennan Companies by 38.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,487 shares of the financial services provider’s stock valued at $10,858,000 after buying an additional 13,386 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Arkadios Wealth Advisors now owns 2,752 shares of the financial services provider’s stock valued at $614,000 after buying an additional 114 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Marsh & McLennan Companies by 5.2% during the third quarter. Frank Rimerman Advisors LLC now owns 3,594 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 179 shares during the period. Finally, Tower View Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 0.4% during the third quarter. Tower View Wealth Management LLC now owns 30,825 shares of the financial services provider’s stock worth $6,877,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.1 %

Shares of Marsh & McLennan Companies stock opened at $232.63 on Tuesday. The firm has a market cap of $114.25 billion, a PE ratio of 28.40, a PEG ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The company has a 50 day simple moving average of $218.61 and a two-hundred day simple moving average of $222.41.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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 16.60% and a return on equity of 32.60%. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MMC. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Barclays lifted 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. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.