Waverton Investment Management Ltd Has $249.32 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Waverton Investment Management Ltd lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,173,650 shares of the financial services provider’s stock after buying an additional 68,851 shares during the period. Marsh & McLennan Companies makes up about 4.0% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 6th largest holding. Waverton Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $249,324,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MMC. AMF Tjanstepension AB boosted its stake in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after purchasing an additional 19,024 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after acquiring an additional 426,425 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 54 shares during the last quarter. Outlook Wealth Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 5.8% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,718 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 94 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Marsh & McLennan Companies by 38.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,487 shares of the financial services provider’s stock valued at $10,858,000 after purchasing an additional 13,386 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $230.05 on Monday. The firm has a market capitalization of $112.98 billion, a PE ratio of 28.09, a PEG 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, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The firm’s fifty day simple moving average is $218.22 and its 200 day simple moving average is $222.31.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data 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, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Analysts Set New Price Targets

Several research firms have issued reports on MMC. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Barclays boosted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.