Brooklyn Investment Group Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Brooklyn Investment Group lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,015 shares of the financial services provider’s stock after buying an additional 132 shares during the quarter. Brooklyn Investment Group’s holdings in Marsh & McLennan Companies were worth $853,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. lifted its stake 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 buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth $31,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth $41,000. Bangor Savings Bank purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth $46,000. Finally, Richardson Financial Services Inc. lifted its stake in Marsh & McLennan Companies by 390.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $215.23 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $105.71 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96. The company’s 50-day simple moving average is $218.82 and its two-hundred day simple moving average is $221.06. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the firm earned $1.57 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays boosted 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. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $228.60.

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.