London & Capital Asset Management Ltd Grows Position in Marsh & McLennan Companies, Inc. $MMC

London & Capital Asset Management Ltd grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 44.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 213,194 shares of the financial services provider’s stock after buying an additional 65,125 shares during the period. Marsh & McLennan Companies comprises approximately 3.1% of London & Capital Asset Management Ltd’s holdings, making the stock its 13th biggest position. London & Capital Asset Management Ltd’s holdings in Marsh & McLennan Companies were worth $42,966,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. bought a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. raised its position in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 109 shares during the period. Delos Wealth Advisors LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter worth $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth $32,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MMC shares. Bank of America reaffirmed an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. JPMorgan Chase & Co. dropped their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Barclays increased their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Evercore dropped their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Finally, Citigroup reduced their price target on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $216.88.

Marsh & McLennan Companies Stock Down 1.7%

NYSE MMC opened at $182.39 on Monday. The stock has a 50 day moving average price of $183.51 and a 200-day moving average price of $189.61. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, January 29th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.