Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 67.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,211 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the period. Louisbourg Investments Inc.’s holdings in Marsh & McLennan Companies were worth $1,744,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MMC. Carmichael Hill & Associates Inc. grew 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 worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $33,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Two equities research 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. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

MMC stock opened at $228.12 on Wednesday. The stock has a market capitalization of $112.04 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52-week low of $194.94 and a 52-week high of $235.50. The stock’s fifty day simple moving average is $216.67 and its 200-day simple moving average is $221.78.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) 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.