CIBC Asset Management Inc Purchases 3,426 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

CIBC Asset Management Inc lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 100,293 shares of the financial services provider’s stock after acquiring an additional 3,426 shares during the quarter. CIBC Asset Management Inc’s holdings in Marsh & McLennan Companies were worth $21,292,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Highview Capital Management LLC DE increased its holdings in shares of Marsh & McLennan Companies by 2.6% during the fourth quarter. Highview Capital Management LLC DE now owns 6,204 shares of the financial services provider’s stock worth $1,318,000 after purchasing an additional 156 shares during the period. Sanctuary Advisors LLC increased its stake in Marsh & McLennan Companies by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 87,798 shares of the financial services provider’s stock worth $19,388,000 after acquiring an additional 2,374 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 422.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 726 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 587 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Marsh & McLennan Companies by 27.2% during the 4th quarter. Baillie Gifford & Co. now owns 108,919 shares of the financial services provider’s stock worth $23,135,000 after purchasing an additional 23,319 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $36,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays upped their target price on 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. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Down 0.9 %

Shares of NYSE MMC opened at $228.95 on Tuesday. The company has a 50 day simple moving average of $216.79 and a 200 day simple moving average of $221.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The firm has a market cap of $112.44 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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%. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

About Marsh & McLennan Companies

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.