Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Inceptionr LLC

Inceptionr LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 147.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,974 shares of the financial services provider’s stock after acquiring an additional 5,347 shares during the quarter. Marsh & McLennan Companies accounts for 0.4% of Inceptionr LLC’s portfolio, making the stock its 28th largest position. Inceptionr LLC’s holdings in Marsh & McLennan Companies were worth $1,906,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MMC. Assenagon Asset Management S.A. increased its position in Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after acquiring an additional 1,093,817 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $207,278,000. Proficio Capital Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 29,648.6% in the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock valued at $146,346,000 after buying an additional 686,662 shares during the period. FMR LLC lifted its holdings in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Marsh & McLennan Companies by 127.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after purchasing an additional 504,897 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MMC. 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. Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James restated an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company raised their target price 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. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $237.95 on Thursday. The firm has a market cap of $116.86 billion, a PE ratio of 29.05, a PEG ratio of 2.70 and a beta of 0.96. The firm’s 50 day moving average price is $221.95 and its 200 day moving average price is $223.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $241.84.

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

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

About Marsh & McLennan Companies

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.