New York Life Investment Management LLC Acquires 188 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

New York Life Investment Management LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,824 shares of the financial services provider’s stock after acquiring an additional 188 shares during the period. New York Life Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $15,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. AMF Tjanstepension AB boosted its holdings in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after acquiring an additional 19,024 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Arkadios Wealth Advisors now owns 2,752 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 114 shares during the period. Fortitude Family Office LLC grew its holdings in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the last quarter. Strategic Blueprint LLC increased its stake in Marsh & McLennan Companies by 6.5% in the 3rd quarter. Strategic Blueprint LLC now owns 3,917 shares of the financial services provider’s stock worth $874,000 after buying an additional 240 shares during the period. Finally, Nicholas Hoffman & Company LLC. purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $200,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $231.49 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50. The firm’s fifty day simple moving average is $219.46 and its two-hundred day simple moving average is $222.57. 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 firm has a market capitalization of $113.69 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Analysts forecast 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 issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MMC shares. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Barclays increased their price target on 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. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased 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, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $230.44.

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.