5,901 Shares in Marsh & McLennan Companies, Inc. (MMC) Acquired by Beacon Pointe Wealth Advisors LLC

Beacon Pointe Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,901 shares of the financial services provider’s stock, valued at approximately $471,000.

Several other hedge funds have also added to or reduced their stakes in MMC. BlackRock Inc. lifted its stake in Marsh & McLennan Companies by 2.8% in the third quarter. BlackRock Inc. now owns 39,673,471 shares of the financial services provider’s stock valued at $3,281,788,000 after purchasing an additional 1,073,174 shares during the last quarter. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 0.6% in the third quarter. Vanguard Group Inc. now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after purchasing an additional 218,725 shares during the last quarter. Vanguard Group Inc lifted its stake in Marsh & McLennan Companies by 0.6% in the third quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after purchasing an additional 218,725 shares during the last quarter. Capital International Investors lifted its stake in Marsh & McLennan Companies by 54.5% in the third quarter. Capital International Investors now owns 19,177,774 shares of the financial services provider’s stock valued at $1,586,385,000 after purchasing an additional 6,762,637 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Marsh & McLennan Companies by 1.8% in the third quarter. Macquarie Group Ltd. now owns 8,012,273 shares of the financial services provider’s stock valued at $662,775,000 after purchasing an additional 142,314 shares during the last quarter. 85.94% of the stock is owned by institutional investors.

MMC has been the topic of several research analyst reports. Credit Suisse Group set a $91.00 price objective on Marsh & McLennan Companies and gave the company a “hold” rating in a research note on Tuesday, October 9th. UBS Group dropped their price objective on Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, October 15th. Wells Fargo & Co set a $93.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Thursday, October 25th. Morgan Stanley upped their price objective on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, November 14th. Finally, Compass Point initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $92.80.

Marsh & McLennan Companies stock opened at $92.09 on Wednesday. The company has a market capitalization of $45.46 billion, a P/E ratio of 21.17, a PEG ratio of 1.65 and a beta of 0.87. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $92.15. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 31st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 4.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Wednesday, January 30th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, January 29th. This represents a $1.66 annualized dividend and a dividend yield of 1.80%. Marsh & McLennan Companies’s dividend payout ratio is currently 38.16%.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Further Reading: Coverage Ratio

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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