Mirae Asset Global Investments Co. Ltd. Acquires 2,546 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 51,033 shares of the financial services provider’s stock after purchasing an additional 2,546 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $10,875,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Fortitude Family Office LLC grew its position in Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 45 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 47 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after buying an additional 52 shares during the last quarter. BSW Wealth Partners boosted its position in Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after buying an additional 53 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after buying an additional 54 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday. Raymond James restated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

MMC opened at $225.97 on Friday. The business’s 50-day moving average price is $217.08 and its two-hundred day moving average price is $221.49. Marsh & McLennan Companies, Inc. has a 1 year low of $194.50 and a 1 year high of $235.50. The company has a market capitalization of $110.98 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.27 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 1.14.

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 (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s 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.