Proficio Capital Partners LLC Has $146.35 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Proficio Capital Partners LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29,648.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 688,978 shares of the financial services provider’s stock after buying an additional 686,662 shares during the quarter. Proficio Capital Partners LLC owned 0.14% of Marsh & McLennan Companies worth $146,346,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Carmichael Hill & Associates Inc. increased its stake in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Financial Life Planners bought a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Finally, Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.2 %

Shares of NYSE MMC opened at $231.49 on Thursday. 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 stock has a market capitalization of $113.69 billion, a PE ratio of 28.26, a P/E/G ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $235.50. The business’s fifty day moving average price is $219.46 and its 200-day moving average price is $222.57.

Marsh & McLennan Companies (NYSE:MMC) last issued 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 16.60% and a return on equity of 32.60%. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given 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 dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MMC shares. Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Barclays raised their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased 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, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.