TD Asset Management Inc Has $236.42 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TD Asset Management Inc grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.7% during the first quarter, Holdings Channel.com reports. The firm owned 968,810 shares of the financial services provider’s stock after acquiring an additional 152,701 shares during the period. TD Asset Management Inc’s holdings in Marsh & McLennan Companies were worth $236,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MMC. Geode Capital Management LLC increased its position in Marsh & McLennan Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock valued at $2,554,841,000 after acquiring an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Marsh & McLennan Companies by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock valued at $2,156,179,000 after acquiring an additional 96,750 shares in the last quarter. Northern Trust Corp increased its position in Marsh & McLennan Companies by 14.0% in the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider’s stock valued at $1,260,513,000 after acquiring an additional 726,713 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Marsh & McLennan Companies by 13.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider’s stock valued at $1,108,459,000 after acquiring an additional 609,602 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Marsh & McLennan Companies by 7.2% in the 4th quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider’s stock valued at $973,214,000 after acquiring an additional 308,759 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MMC shares. Jefferies Financial Group raised their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Barclays lowered their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Wells Fargo & Company lowered their price target on shares of 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, Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $239.79.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $210.39 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00. The business’s 50-day moving average price is $219.49 and its two-hundred day moving average price is $224.61. The firm has a market cap of $103.43 billion, a PE ratio of 25.23, a P/E/G ratio of 2.53 and a beta of 0.80. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the business posted $2.41 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed 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 is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.71%. Marsh & McLennan Companies’s dividend payout ratio is currently 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.