Parkside Financial Bank & Trust Buys 92 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Parkside Financial Bank & Trust boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,278 shares of the financial services provider’s stock after purchasing an additional 92 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Marsh & McLennan Companies were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MMC. Assenagon Asset Management S.A. raised its holdings in shares of Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after purchasing an additional 1,093,817 shares during the period. Proficio Capital Partners LLC increased its position in Marsh & McLennan Companies by 29,648.6% in the 4th quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock valued at $146,346,000 after buying an additional 686,662 shares in the last quarter. FMR LLC boosted its holdings in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 valued at $200,718,000 after acquiring an additional 504,897 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Marsh & McLennan Companies by 219.5% during the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after acquiring an additional 363,569 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.4 %

NYSE MMC opened at $237.78 on Friday. The business’s fifty day moving average is $220.47 and its 200-day moving average is $222.83. 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 stock has a market capitalization of $116.78 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $237.97.

Marsh & McLennan Companies (NYSE:MMC) last announced 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 net margin of 16.60% and a return on equity of 32.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MMC. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.