WealthBridge Capital Management LLC Has $306,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

WealthBridge Capital Management LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,442 shares of the financial services provider’s stock after acquiring an additional 329 shares during the period. WealthBridge Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. grew its stake in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at about $31,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $38,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MMC shares. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Royal Bank of Canada raised 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. Finally, Keefe, Bruyette & Woods dropped their target price 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. Two research 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. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $231.13 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average price is $217.63 and its two-hundred day moving average price is $222.09. The firm has a market capitalization of $113.51 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.36 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50.

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 (EPS) for the quarter, beating the consensus estimate 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 anticipate that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 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.