Dynasty Wealth Management LLC Acquires 688 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dynasty Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,655 shares of the financial services provider’s stock after purchasing an additional 688 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $2,901,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MMC. Carmichael Hill & Associates Inc. raised 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 purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $36,000. Finally, Albion Financial Group UT bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Evercore ISI reissued 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, Raymond James restated an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Trading Up 1.4 %

Shares of MMC opened at $234.80 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $236.00. The stock’s fifty day simple moving average is $219.95 and its 200 day simple moving average is $222.65. The firm has a market capitalization of $115.32 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 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.