TigerOak Management L.L.C. Acquires New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TigerOak Management L.L.C. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,553 shares of the financial services provider’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV raised its position in Marsh & McLennan Companies by 5.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,489 shares of the financial services provider’s stock valued at $529,000 after purchasing an additional 137 shares in the last quarter. WASHINGTON TRUST Co raised its position in Marsh & McLennan Companies by 0.4% during the 4th quarter. WASHINGTON TRUST Co now owns 101,766 shares of the financial services provider’s stock valued at $21,616,000 after purchasing an additional 373 shares in the last quarter. PUREfi Wealth LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $339,000. Quadrant Private Wealth Management LLC raised its position in Marsh & McLennan Companies by 1.6% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 4,589 shares of the financial services provider’s stock valued at $975,000 after purchasing an additional 71 shares in the last quarter. Finally, PICTET BANK & TRUST Ltd bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $1,422,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.9 %

Marsh & McLennan Companies stock opened at $228.95 on Friday. 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 business’s 50-day simple moving average is $216.79 and its two-hundred day simple moving average is $221.96. The company has a market cap of $112.44 billion, a PE ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Barclays boosted their price target on 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. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. UBS Group boosted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $230.44.

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.