FSM Wealth Advisors LLC Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

FSM Wealth Advisors LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,498 shares of the financial services provider’s stock after buying an additional 115 shares during the period. FSM Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $324,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MMC. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% in 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 in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter worth about $31,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $38,000. Capital Performance Advisors LLP bought a new position in Marsh & McLennan Companies in the third quarter worth about $41,000. Finally, Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $46,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MMC has been the topic of several analyst reports. Jefferies Financial Group raised 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 note on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note 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 note on Monday, November 25th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $229.40.

Marsh & McLennan Companies Price Performance

MMC opened at $216.90 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The company has a market capitalization of $106.52 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.27 and a beta of 0.96. The firm’s fifty day moving average price is $217.65 and its two-hundred day moving average price is $221.40. Marsh & McLennan Companies, Inc. has a 1 year low of $190.41 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate 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, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 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.