Ipswich Investment Management Co. Inc. Has $7.14 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ipswich Investment Management Co. Inc. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,609 shares of the financial services provider’s stock after selling 146 shares during the period. Marsh & McLennan Companies accounts for 1.7% of Ipswich Investment Management Co. Inc.’s holdings, making the stock its 16th largest position. Ipswich Investment Management Co. Inc.’s holdings in Marsh & McLennan Companies were worth $7,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Transcend Capital Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 0.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 19,437 shares of the financial services provider’s stock valued at $4,129,000 after purchasing an additional 116 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Marsh & McLennan Companies by 2.3% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 526,987 shares of the financial services provider’s stock valued at $111,937,000 after purchasing an additional 11,870 shares during the last quarter. Compass Capital Corp MA ADV bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $230,000. Centricity Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $79,000. Finally, Suncoast Equity Management raised its stake in shares of Marsh & McLennan Companies by 2.4% in the fourth quarter. Suncoast Equity Management now owns 19,221 shares of the financial services provider’s stock valued at $4,083,000 after acquiring an additional 446 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MMC. Wells Fargo & Company raised 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. 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. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $230.05 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The business’s fifty day moving average is $218.22 and its 200-day moving average is $222.25. The company has a market cap of $112.98 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its 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 return on equity of 32.60% and a net margin of 16.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Marsh & McLennan Companies 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.