Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,673,831 shares of the financial services provider’s stock after acquiring an additional 23,395 shares during the quarter. Marsh & McLennan Companies makes up 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 28th largest holding. Robeco Institutional Asset Management B.V.’s holdings in Marsh & McLennan Companies were worth $355,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Carmichael Hill & Associates Inc. raised its holdings in Marsh & McLennan Companies by 85.7% during the 3rd 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 purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $31,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. Finally, Bangor Savings Bank purchased a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

MMC opened at $220.84 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $108.46 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The stock has a 50-day moving average of $218.01 and a 200-day moving average of $221.41. Marsh & McLennan Companies, Inc. has a 52-week low of $189.90 and a 52-week high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.48%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analyst Ratings Changes

MMC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Barclays increased their target price on shares of 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $228.60.

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.