Larson Financial Group LLC Boosts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Larson Financial Group LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,467 shares of the financial services provider’s stock after purchasing an additional 1,777 shares during the period. Larson Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $2,860,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Modera Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 46 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 48 shares in the last quarter. New England Professional Planning Group Inc. grew its stake in Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 50 shares in the last quarter. Finally, TFB Advisors LLC grew its stake in Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of MMC opened at $235.40 on Friday. The firm has a market cap of $115.61 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The firm has a 50 day moving average price of $222.83 and a 200-day moving average price of $223.35.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping 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 9.61 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. Investors of record on Thursday, January 30th were issued a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MMC shares. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. 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 research note on Friday, January 3rd. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Two 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.com, the stock presently has a consensus rating of “Hold” and an average 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.