NorthRock Partners LLC Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NorthRock Partners LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,279 shares of the financial services provider’s stock after buying an additional 238 shares during the period. NorthRock Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,288,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MMC. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $2,156,179,000 after purchasing an additional 96,750 shares during the period. Northern Trust Corp grew its position in shares of Marsh & McLennan Companies by 14.0% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 worth $1,108,459,000 after purchasing an additional 609,602 shares during the period. Nuveen Asset Management LLC lifted its position in Marsh & McLennan Companies by 7.2% during the fourth quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider’s stock valued at $973,214,000 after purchasing an additional 308,759 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Marsh & McLennan Companies by 25.7% in the 4th quarter. Deutsche Bank AG now owns 3,719,830 shares of the financial services provider’s stock worth $790,129,000 after acquiring an additional 759,573 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a report on Friday, July 18th. Barclays dropped their price objective 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. UBS Group decreased their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Keefe, Bruyette & Woods reduced 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. Finally, Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $239.79.

Marsh & McLennan Companies Trading Down 1.3%

NYSE:MMC opened at $200.32 on Thursday. 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 50-day simple moving average of $217.85 and a 200-day simple moving average of $224.45. Marsh & McLennan Companies, Inc. has a one year low of $199.57 and a one year high of $248.00. The firm has a market cap of $98.48 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.46 and a beta of 0.80.

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

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be issued 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 1.80%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Marsh & McLennan Companies 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.