Berkshire Asset Management LLC PA Acquires 182 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Berkshire Asset Management LLC PA lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,865 shares of the financial services provider’s stock after purchasing an additional 182 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Marsh & McLennan Companies were worth $408,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc boosted its holdings in shares of Marsh & McLennan Companies by 5.6% in the third quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock valued at $403,200,000 after buying an additional 95,540 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Concurrent Investment Advisors LLC boosted its stake in Marsh & McLennan Companies by 16.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,890 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 998 shares during the period. Graypoint LLC increased its holdings in Marsh & McLennan Companies by 10.6% during the 3rd quarter. Graypoint LLC now owns 3,717 shares of the financial services provider’s stock worth $829,000 after purchasing an additional 355 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $232,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.4 %

MMC stock opened at $235.40 on Friday. The stock has a market cap of $115.61 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a fifty day moving average price of $222.83 and a two-hundred day moving average price of $223.36. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. 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 released its quarterly earnings results 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%. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis 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 research analysts recently issued reports on MMC shares. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Barclays lifted 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 note on Thursday, November 21st. Finally, 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 note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.