Heritage Oak Wealth Advisors LLC Takes $248,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,169 shares of the financial services provider’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the third quarter valued at about $31,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Finally, Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MMC shares. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Finally, Barclays raised their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $231.49 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $113.69 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The stock’s 50 day simple moving average is $219.46 and its two-hundred day simple moving average is $222.57.

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 analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies’s payout ratio is currently 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.