Mayflower Financial Advisors LLC Has $445,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mayflower Financial Advisors LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,093 shares of the financial services provider’s stock after acquiring an additional 82 shares during the period. Mayflower Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. Carmichael Hill & Associates Inc. raised its holdings in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at about $31,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $38,000. Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $41,000. Finally, Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $46,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 0.7 %

MMC opened at $219.32 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $190.41 and a fifty-two week high of $235.50. The company has a market capitalization of $107.71 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average price is $218.01 and its two-hundred day moving average price is $221.41.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Roth Mkm raised their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $228.60.

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.