Fjell Capital LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fjell Capital LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,657 shares of the financial services provider’s stock, valued at approximately $989,000.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings 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 acquiring an additional 45 shares during the period. Geneos Wealth Management Inc. grew its position in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after buying an additional 47 shares during the last quarter. Hemington Wealth Management increased its stake in Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after buying an additional 48 shares during the period. New England Professional Planning Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 50 shares during the period. Finally, TFB Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.0% in the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5 %

Shares of MMC opened at $233.99 on Wednesday. The firm has a market cap of $114.92 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. 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 company’s fifty day moving average is $219.03 and its two-hundred day moving average is $222.50. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MMC shares. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company upped 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. Finally, Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $230.44.

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.