Prossimo Advisors LLC Purchases 83 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Prossimo Advisors LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,910 shares of the financial services provider’s stock after purchasing an additional 83 shares during the period. Prossimo Advisors LLC’s holdings in Marsh & McLennan Companies were worth $406,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after buying an additional 1,093,817 shares during the period. FMR LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after purchasing an additional 504,897 shares during the last quarter. International Assets Investment Management LLC raised its position in Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after purchasing an additional 426,425 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Marsh & McLennan Companies by 219.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after buying an additional 363,569 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.5 %

NYSE:MMC opened at $230.04 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $235.50. The company has a market cap of $112.98 billion, a PE ratio of 28.09, a PEG ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average of $217.29 and a 200-day moving average of $222.03.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.6 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Barclays increased their price target 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. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two 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’s stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price 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.