208,338 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Banque Pictet & Cie SA

Banque Pictet & Cie SA acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 208,338 shares of the financial services provider’s stock, valued at approximately $44,253,000.

Other large investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. increased its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $31,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

MMC stock opened at $231.06 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $195.99 and a 52-week high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $216.66 and a two-hundred day moving average of $221.83. The stock has a market cap of $113.48 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MMC. Barclays boosted their target price 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. UBS Group boosted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. 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 research note on Thursday, February 6th. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI reissued an “outperform” rating and issued 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 given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.