E. Ohman J or Asset Management AB Boosts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

E. Ohman J or Asset Management AB lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,264 shares of the financial services provider’s stock after acquiring an additional 2,140 shares during the period. E. Ohman J or Asset Management AB’s holdings in Marsh & McLennan Companies were worth $4,729,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its position in shares of Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after buying an additional 45 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 47 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 52 shares in the last quarter. BSW Wealth Partners grew its holdings in Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 53 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Marsh & McLennan Companies by 3.5% during the third quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 54 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $219.24 on Tuesday. The stock has a market cap of $107.67 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $191.87 and a 52-week high of $235.50. The business has a 50-day simple moving average of $217.65 and a 200-day simple moving average of $221.41. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research analyst reports. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Roth Mkm boosted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, 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 research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $229.13.

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.