Advyzon Investment Management LLC Invests $240,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Advyzon Investment Management LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,128 shares of the financial services provider’s stock, valued at approximately $240,000.

Several other large investors have also recently bought and sold shares of the business. FMR LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the period. Geode Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Parnassus Investments LLC grew its position in Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after acquiring an additional 184,239 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after acquiring an additional 30,367 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays raised their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $230.63 on Friday. The business has a fifty day simple moving average of $217.92 and a 200-day simple moving average of $222.15. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $235.50. The company has a market cap of $113.27 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.37 and a beta of 0.96. 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 (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.62 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.