Meadow Creek Wealth Advisors LLC Boosts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Meadow Creek Wealth Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,088 shares of the financial services provider’s stock after purchasing an additional 152 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Carmichael Hill & Associates Inc. raised its position 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 worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter worth about $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 stake in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Wells Fargo & Company upped their target price 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. Finally, Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $229.13.

Marsh & McLennan Companies Stock Up 1.1 %

NYSE:MMC opened at $225.61 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $110.80 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52 week low of $191.95 and a 52 week high of $235.50. The stock’s fifty day moving average is $217.23 and its two-hundred day moving average is $221.46.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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 9.45 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.