WASHINGTON TRUST Co Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

WASHINGTON TRUST Co boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,766 shares of the financial services provider’s stock after buying an additional 373 shares during the period. WASHINGTON TRUST Co’s holdings in Marsh & McLennan Companies were worth $21,616,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. raised its stake in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after buying an additional 3,300 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after buying an additional 23,445 shares during the period. Kinsale Capital Group Inc. grew its holdings in Marsh & McLennan Companies by 16.8% during the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after acquiring an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its position in Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after acquiring an additional 7,380 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $228.95 on Friday. 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. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The firm’s 50-day moving average is $216.71 and its two-hundred day moving average is $221.90.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results 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 net margin of 16.60% and a return on equity of 32.60%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced 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 of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MMC. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. 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. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies 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.