Halbert Hargrove Global Advisors LLC Makes New $45,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Halbert Hargrove Global Advisors LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 210 shares of the financial services provider’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. lifted its stake in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MMC shares. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Raymond James reiterated an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Barclays increased their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two equities research 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. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $237.78 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $116.78 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The firm’s fifty day simple moving average is $220.47 and its two-hundred day simple moving average is $222.83. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $237.97.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given 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 dividend yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

About Marsh & McLennan Companies

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.