Nixon Peabody Trust Co. Purchases 287 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nixon Peabody Trust Co. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,248 shares of the financial services provider’s stock after buying an additional 287 shares during the quarter. Marsh & McLennan Companies accounts for approximately 1.3% of Nixon Peabody Trust Co.’s portfolio, making the stock its 25th largest holding. Nixon Peabody Trust Co.’s holdings in Marsh & McLennan Companies were worth $15,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $36,000. Finally, Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $38,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Up 1.4 %

Shares of NYSE MMC opened at $237.78 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $116.78 billion, a P/E ratio of 29.03, a PEG ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $237.97. The firm has a 50-day simple moving average of $220.47 and a two-hundred day simple moving average of $222.79.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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%. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.