DAVENPORT & Co LLC Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

DAVENPORT & Co LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,056 shares of the financial services provider’s stock after purchasing an additional 11,804 shares during the period. DAVENPORT & Co LLC’s holdings in Marsh & McLennan Companies were worth $19,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tritonpoint Wealth LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $356,000. Tokio Marine Asset Management Co. Ltd. increased its position in Marsh & McLennan Companies by 232.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 42,991 shares of the financial services provider’s stock valued at $9,132,000 after acquiring an additional 30,051 shares during the period. Concord Wealth Partners raised its stake in shares of Marsh & McLennan Companies by 1.3% during the 4th quarter. Concord Wealth Partners now owns 6,155 shares of the financial services provider’s stock worth $1,307,000 after buying an additional 78 shares in the last quarter. Concord Asset Management LLC VA grew its position in Marsh & McLennan Companies by 1.4% during the fourth quarter. Concord Asset Management LLC VA now owns 6,048 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 84 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in Marsh & McLennan Companies by 60.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,851 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 695 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $229.40.

Marsh & McLennan Companies Stock Down 1.8 %

Marsh & McLennan Companies stock opened at $216.90 on Monday. The firm’s 50 day moving average price is $217.65 and its two-hundred day moving average price is $221.40. The firm has a market cap of $106.52 billion, a PE ratio of 26.71, a P/E/G ratio of 2.30 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $190.41 and a twelve month high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

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 analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.