Ibex Wealth Advisors Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ibex Wealth Advisors purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,259 shares of the financial services provider’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMC. Carmichael Hill & Associates Inc. raised its position in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the third quarter worth about $31,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $38,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. Finally, Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several research analyst reports. Roth Mkm boosted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Bank of America lifted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $219.32 on Thursday. The stock has a fifty day simple moving average of $218.01 and a 200-day simple moving average of $221.41. Marsh & McLennan Companies, Inc. has a twelve month low of $190.41 and a twelve month high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $107.71 billion, a PE ratio of 27.01, a P/E/G ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

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.