Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Boosted by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,395 shares of the financial services provider’s stock after purchasing an additional 78 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $26,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth $31,000. Albion Financial Group UT purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $38,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth about $41,000. Finally, Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $46,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research reports. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Wells Fargo & Company upped 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 upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, UBS Group increased their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $229.40.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $216.90 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $190.41 and a one year high of $235.50. The company has a fifty day moving average price of $217.65 and a 200 day moving average price of $221.40. The stock has a market cap of $106.52 billion, a P/E ratio of 26.48, a PEG ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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