Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MMC. Impax Asset Management Group plc grew its position in Marsh & McLennan Companies by 5.6% in the 3rd quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock valued at $403,200,000 after acquiring an additional 95,540 shares in the last quarter. Summit Global Investments grew its position in shares of Marsh & McLennan Companies by 15.7% during the third quarter. Summit Global Investments now owns 1,535 shares of the financial services provider’s stock worth $342,000 after buying an additional 208 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth about $41,000. CWA Asset Management Group LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth about $720,000. Finally, Verdence Capital Advisors LLC grew its position in shares of Marsh & McLennan Companies by 21.0% during the third quarter. Verdence Capital Advisors LLC now owns 1,245 shares of the financial services provider’s stock worth $278,000 after buying an additional 216 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada raised 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 report on Thursday, December 12th. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $235.40 on Monday. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. 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 business has a 50 day simple moving average of $222.83 and a 200-day simple moving average of $223.35. The stock has a market capitalization of $115.61 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 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.