Addison Advisors LLC Purchases 119 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Addison Advisors LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 41.0% in the fourth quarter, Holdings Channel reports. The fund owned 409 shares of the financial services provider’s stock after acquiring an additional 119 shares during the quarter. Addison Advisors LLC’s holdings in Marsh & McLennan Companies were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc grew its position in shares of Marsh & McLennan Companies by 150.7% during the 4th quarter. IFP Advisors Inc now owns 7,432 shares of the financial services provider’s stock valued at $1,579,000 after acquiring an additional 4,468 shares during the period. Waverton Investment Management Ltd grew its position in shares of Marsh & McLennan Companies by 6.2% during the 4th quarter. Waverton Investment Management Ltd now owns 1,173,650 shares of the financial services provider’s stock valued at $249,324,000 after acquiring an additional 68,851 shares during the period. Colonial River Investments LLC grew its position in shares of Marsh & McLennan Companies by 18.7% during the 4th quarter. Colonial River Investments LLC now owns 1,717 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 270 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Marsh & McLennan Companies by 3.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 153,931 shares of the financial services provider’s stock valued at $32,696,000 after acquiring an additional 4,800 shares during the period. Finally, Delta Financial Group Inc. bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $575,000. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MMC has been the subject of several analyst reports. Barclays raised 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 report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Wells Fargo & Company lifted 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 research report on Friday, January 31st. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities 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. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

MMC opened at $233.99 on Wednesday. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $114.92 billion, a PE ratio of 28.57, a P/E/G ratio of 2.70 and a beta of 0.96. The firm has a 50 day moving average of $219.03 and a two-hundred day moving average of $222.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results 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 net margin of 16.60% and a return on equity of 32.60%. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.