Howland Capital Management LLC Has $2.29 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Howland Capital Management LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,760 shares of the financial services provider’s stock after selling 171 shares during the quarter. Howland Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MMC. AMF Tjanstepension AB lifted its holdings in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after purchasing an additional 19,024 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 52 shares in the last quarter. CWM LLC raised its position in Marsh & McLennan Companies by 2.4% in the 3rd quarter. CWM LLC now owns 22,050 shares of the financial services provider’s stock valued at $4,919,000 after buying an additional 523 shares during the last quarter. Sanibel Captiva Trust Company Inc. raised its position in Marsh & McLennan Companies by 3.6% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 3,189 shares of the financial services provider’s stock valued at $711,000 after buying an additional 110 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in Marsh & McLennan Companies by 263.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,434 shares of the financial services provider’s stock valued at $766,000 after buying an additional 2,489 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MMC. Raymond James reissued an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on 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. Finally, Roth Mkm boosted their price target 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 issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

MMC opened at $227.45 on Friday. The business has a fifty day simple moving average of $216.81 and a 200 day simple moving average of $221.58. The company has a market capitalization of $111.71 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1 year low of $194.50 and a 1 year 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.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.