Brooklyn Investment Group Purchases 1,153 Shares of Marsh & McLennan Companies, Inc. $MMC

Brooklyn Investment Group grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,168 shares of the financial services provider’s stock after buying an additional 1,153 shares during the quarter. Brooklyn Investment Group’s holdings in Marsh & McLennan Companies were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MMC. Parisi Gray Wealth Management bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $947,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Marsh & McLennan Companies by 101.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after purchasing an additional 52,218 shares in the last quarter. LPL Financial LLC lifted its position in shares of Marsh & McLennan Companies by 9.9% during the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after buying an additional 29,247 shares during the last quarter. Penserra Capital Management LLC raised its position in Marsh & McLennan Companies by 101.4% in the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 3,593 shares during the last quarter. Finally, US Asset Management LLC raised its position in Marsh & McLennan Companies by 23.1% in the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock valued at $1,671,000 after purchasing an additional 1,284 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $207.29 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $196.27 and a 52 week high of $248.00. The stock has a market capitalization of $101.91 billion, a PE ratio of 24.85, a P/E/G ratio of 2.58 and a beta of 0.77. The firm has a 50 day moving average of $211.14 and a two-hundred day moving average of $223.38.

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, beating analysts’ consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 earnings per share. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were given a $0.90 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group decreased their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Finally, Citigroup began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $239.94.

Marsh & McLennan Companies Company Profile

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.