Colonial River Investments LLC Has $365,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Colonial River Investments LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,717 shares of the financial services provider’s stock after purchasing an additional 270 shares during the period. Colonial River Investments LLC’s holdings in Marsh & McLennan Companies were worth $365,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. 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 valued at $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $230.05 on Monday. The firm has a market capitalization of $112.98 billion, a PE ratio of 28.09, a PEG ratio of 2.70 and a beta of 0.96. The company’s 50-day moving average is $218.22 and its 200-day moving average is $222.31. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Keefe, Bruyette & Woods cut 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. Finally, Barclays boosted their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $230.44.

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.