Synergy Investment Management LLC Invests $303,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Synergy Investment Management LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,427 shares of the financial services provider’s stock, valued at approximately $303,000.

Other hedge funds have also bought and sold shares of the company. Carmichael Hill & Associates Inc. boosted its holdings in shares of 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 worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $31,000. Financial Life Planners bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Finally, Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $38,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MMC. Raymond James reaffirmed an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. 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 report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Barclays upped their target price on 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. Finally, Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Price Performance

MMC stock opened at $239.53 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $117.64 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.70 and a beta of 0.96. The firm’s fifty day moving average is $221.02 and its 200 day moving average is $222.97. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $239.81.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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%. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

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.