65,847 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, Holdings Channel reports. The fund purchased 65,847 shares of the financial services provider’s stock, valued at approximately $13,987,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $31,000. Financial Life Planners purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $38,000. Finally, Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Evercore ISI reissued an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 0.6 %

Shares of NYSE MMC opened at $227.45 on Friday. The stock has a market capitalization of $111.71 billion, a P/E ratio of 27.77, a PEG ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $194.50 and a one year high of $235.50. 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’s 50 day simple moving average is $216.93 and its two-hundred day simple moving average is $221.52.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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%. As a group, 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 paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.