Delta Financial Group Inc. Buys New Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Delta Financial Group Inc. bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,708 shares of the financial services provider’s stock, valued at approximately $575,000.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC raised its stake in Marsh & McLennan Companies by 18.8% during the third 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 in the last quarter. Geneos Wealth Management Inc. raised its stake in Marsh & McLennan Companies by 3.7% during the fourth 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 in the last quarter. Hemington Wealth Management raised its stake in Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 48 shares in the last quarter. New England Professional Planning Group Inc. raised its stake in Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 50 shares in the last quarter. Finally, TFB Advisors LLC raised its stake in Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 51 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Raymond James restated an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of Marsh & McLennan Companies stock opened at $230.05 on Friday. The business’s 50 day simple moving average is $218.22 and its 200 day simple moving average is $222.28. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $235.50. The firm has a market cap of $112.98 billion, a PE ratio of 28.09, a P/E/G ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) 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, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

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.