CIBC Asset Management Inc Has $21.29 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

CIBC Asset Management Inc lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in 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 valued at $2,648,304,000 after purchasing an additional 251,361 shares during the period. Louisbourg Investments Inc. lifted its holdings in Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after buying an additional 3,300 shares during the period. Citigroup Inc. boosted its stake in Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after acquiring an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. raised its position 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 valued at $6,024,000 after acquiring an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after purchasing an additional 7,380 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MMC shares. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. 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. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Raymond James restated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $228.95 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The stock has a market capitalization of $112.44 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a 50 day moving average of $216.79 and a 200-day moving average of $221.96.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.