Legacy Capital Wealth Partners LLC Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Legacy Capital Wealth Partners LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,673 shares of the financial services provider’s stock after buying an additional 205 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MMC. Geode Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. increased its stake in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares in the last quarter. Citigroup Inc. increased its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. increased its stake in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $228.95 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $112.44 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. The firm’s fifty day simple moving average is $216.79 and its 200 day simple moving average is $221.96. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted 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 net margin of 16.60% and a return on equity of 32.60%. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed 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 was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

MMC has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lowered their target price on shares of 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. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted 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 research note on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $230.44.

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.