Stock Yards Bank & Trust Co. Has $26.21 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stock Yards Bank & Trust Co. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm owned 123,395 shares of the financial services provider’s stock after buying an additional 78 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $26,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. AMF Tjanstepension AB grew its holdings in shares of Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after purchasing an additional 19,024 shares during the last quarter. Czech National Bank grew its position in shares of Marsh & McLennan Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after buying an additional 6,282 shares during the period. GAMMA Investing LLC raised its position in shares of Marsh & McLennan Companies by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,865 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 1,070 shares during the last quarter. WealthBridge Capital Management LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at about $248,000. Finally, IAM Advisory LLC boosted its stake in Marsh & McLennan Companies by 2.0% during the 3rd quarter. IAM Advisory LLC now owns 8,068 shares of the financial services provider’s stock worth $1,800,000 after acquiring an additional 161 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday. 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 report on Friday, January 3rd. Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $229.40.

Marsh & McLennan Companies Trading Down 1.8 %

Marsh & McLennan Companies stock opened at $216.90 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The firm has a 50-day moving average of $217.65 and a 200-day moving average of $221.40. The company has a market cap of $106.52 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $190.41 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 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.