HHM Wealth Advisors LLC Takes $216,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

HHM Wealth Advisors LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,018 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other institutional investors have also bought and sold shares of the business. Carmichael Hill & Associates Inc. grew its stake 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 acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $31,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $38,000. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $41,000. Finally, Bangor Savings Bank bought a new position in Marsh & McLennan Companies during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.1 %

Shares of MMC opened at $219.24 on Tuesday. The firm has a market capitalization of $107.67 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.27 and a beta of 0.96. 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 1-year low of $191.87 and a 1-year high of $235.50. The company has a 50-day moving average of $217.65 and a 200 day moving average of $221.41.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results 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 32.60% and a net margin of 16.60%. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock 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 note on Monday, November 25th. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday. Barclays boosted their price objective 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. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price 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.