TCTC Holdings LLC Buys 49 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TCTC Holdings LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,247 shares of the financial services provider’s stock after purchasing an additional 49 shares during the quarter. TCTC Holdings LLC’s holdings in Marsh & McLennan Companies were worth $1,768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. lifted its stake in Marsh & McLennan Companies by 98.6% during the 1st quarter. Meeder Asset Management Inc. now owns 276 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 137 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of Marsh & McLennan Companies by 10.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 8,867 shares of the financial services provider’s stock worth $2,164,000 after purchasing an additional 807 shares during the period. Clarendon Private LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $214,000. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Marsh & McLennan Companies by 1.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares during the period. Finally, Fielder Capital Group LLC lifted its stake in shares of Marsh & McLennan Companies by 2.8% in the 1st quarter. Fielder Capital Group LLC now owns 2,386 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 65 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. UBS Group reduced their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a report on Friday, July 18th. Keefe, Bruyette & Woods reduced their target price 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, July 21st. Finally, Barclays reduced their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $239.79.

Marsh & McLennan Companies Trading Down 1.9%

MMC stock opened at $206.36 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a fifty day moving average price of $218.98 and a 200 day moving average price of $224.77. The firm has a market cap of $101.45 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a fifty-two week low of $205.89 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 earnings per share. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.74%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

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.