Jacobi Capital Management LLC Has $232,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Jacobi Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,092 shares of the financial services provider’s stock after acquiring an additional 117 shares during the quarter. Jacobi Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MMC. Metis Global Partners LLC grew its stake in shares of Marsh & McLennan Companies by 20.5% in the 4th quarter. Metis Global Partners LLC now owns 29,232 shares of the financial services provider’s stock valued at $6,209,000 after buying an additional 4,980 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 72.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,993 shares of the financial services provider’s stock worth $424,000 after buying an additional 836 shares during the last quarter. Terril Brothers Inc. acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $221,000. SVB Wealth LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $16,712,000. Finally, Flputnam Investment Management Co. raised its stake in shares of Marsh & McLennan Companies by 1.7% in the fourth quarter. Flputnam Investment Management Co. now owns 217,418 shares of the financial services provider’s stock valued at $46,182,000 after purchasing an additional 3,649 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MMC shares. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 0.7 %

NYSE:MMC opened at $239.53 on Tuesday. The stock has a market capitalization of $117.64 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The business’s 50-day simple moving average is $221.02 and its 200-day simple moving average is $222.97. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $239.81.

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, 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%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal 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 1.36%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 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.