Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 72.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,993 shares of the financial services provider’s stock after buying an additional 836 shares during the period. Fisher Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $31,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Albion Financial Group UT acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.6 %

MMC stock opened at $236.42 on Friday. The company’s 50 day simple moving average is $222.39 and its 200-day simple moving average is $223.27. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The firm has a market capitalization of $116.11 billion, a P/E ratio of 28.87, a P/E/G 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 (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MMC shares. Raymond James restated an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average 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.