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

London & Capital Asset Management Ltd grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 44.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 213,194 shares of the financial services provider’s stock after purchasing an additional 65,125 shares during the period. Marsh & McLennan Companies makes up approximately 3.1% of London & Capital Asset Management Ltd’s holdings, making the stock its 13th largest position. London & Capital Asset Management Ltd’s holdings in Marsh & McLennan Companies were worth $42,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. Arete Wealth Advisors LLC boosted its holdings in Marsh & McLennan Companies by 14.5% in the third quarter. Arete Wealth Advisors LLC now owns 1,148 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 145 shares in the last quarter. Foyston Gordon & Payne Inc raised its position in shares of Marsh & McLennan Companies by 3.4% in the 3rd quarter. Foyston Gordon & Payne Inc now owns 59,156 shares of the financial services provider’s stock worth $11,922,000 after purchasing an additional 1,940 shares during the last quarter. United Bank boosted its stake in Marsh & McLennan Companies by 2.9% in the 3rd quarter. United Bank now owns 6,512 shares of the financial services provider’s stock worth $1,312,000 after purchasing an additional 185 shares in the last quarter. American Century Companies Inc. increased its stake in Marsh & McLennan Companies by 14.1% during the 3rd quarter. American Century Companies Inc. now owns 1,260,479 shares of the financial services provider’s stock valued at $254,024,000 after purchasing an additional 155,526 shares in the last quarter. Finally, Findlay Park Partners LLP raised its holdings in Marsh & McLennan Companies by 20.3% in the third quarter. Findlay Park Partners LLP now owns 1,065,967 shares of the financial services provider’s stock worth $214,824,000 after buying an additional 180,200 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

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

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, January 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is 43.17%.

Analyst Ratings Changes

MMC has been the subject of a number of recent analyst reports. Bank of America restated an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price for the company. Cantor Fitzgerald lowered their price target on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. TD Cowen reduced their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Finally, Citigroup lowered their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Seven investment 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. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $216.88.

About Marsh & McLennan Companies

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.