Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Boosted by Entropy Technologies LP

Entropy Technologies LP grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 275.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,278 shares of the financial services provider’s stock after buying an additional 10,473 shares during the period. Entropy Technologies LP’s holdings in Marsh & McLennan Companies were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. raised its holdings in shares of 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 buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Raymond James restated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday. Barclays lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company raised 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 research note on Friday, January 31st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $227.45 on Friday. The firm’s 50-day moving average is $216.81 and its 200-day moving average is $221.58. Marsh & McLennan Companies, Inc. has a 52-week low of $194.50 and a 52-week high of $235.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The company has a market cap of $111.71 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 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. Investors of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Marsh & McLennan Companies Company 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.