Jones Financial Companies Lllp Acquires 2,407 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Jones Financial Companies Lllp increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 128.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,280 shares of the financial services provider’s stock after acquiring an additional 2,407 shares during the period. Jones Financial Companies Lllp’s holdings in Marsh & McLennan Companies were worth $909,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Modera Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 46 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Marsh & McLennan Companies by 6,913.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,034 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 2,005 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $45,000. Kinsale Capital Group Inc. raised its holdings in Marsh & McLennan Companies by 14.0% in the fourth quarter. Kinsale Capital Group Inc. now owns 30,778 shares of the financial services provider’s stock worth $6,538,000 after buying an additional 3,774 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Marsh & McLennan Companies by 20.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 6,494 shares of the financial services provider’s stock worth $1,377,000 after buying an additional 1,117 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

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 report on Thursday, November 21st. 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 report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. 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 report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of MMC stock opened at $235.40 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. The stock has a market cap of $115.61 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a 50 day simple moving average of $222.83 and a two-hundred day simple moving average of $223.35.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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 expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.38%. Marsh & McLennan Companies’s payout ratio is currently 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.