Delap Wealth Advisory LLC Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Delap Wealth Advisory LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,990 shares of the financial services provider’s stock after acquiring an additional 416 shares during the quarter. Marsh & McLennan Companies makes up 1.3% of Delap Wealth Advisory LLC’s investment portfolio, making the stock its 22nd biggest holding. Delap Wealth Advisory LLC’s holdings in Marsh & McLennan Companies were worth $2,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MMC. Assenagon Asset Management S.A. increased its stake in Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after purchasing an additional 1,093,817 shares in the last quarter. FMR LLC boosted its holdings in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after buying an additional 504,897 shares during the period. International Assets Investment Management LLC boosted its position in shares of Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after buying an additional 426,425 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after buying an additional 363,569 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MMC. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Wells Fargo & Company increased 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. Finally, JPMorgan Chase & Co. increased 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $230.05 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The firm has a 50 day moving average of $218.22 and a 200-day moving average of $222.28. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $112.98 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released 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%. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. 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.