Marsh & McLennan Companies, Inc. $MMC Position Trimmed by Boston Family Office LLC

Key Points

• Boston Family Office LLC reduced its stake in Marsh & McLennan Companies by 1.6%, owning 105,501 shares after selling 1,663 shares, making it the 13th largest holding in their portfolio.
• The firm reported $2.72 earnings per share (EPS) for the last quarter, surpassing analyst estimates by $0.06, with revenue increasing 12.1% year-over-year to $6.97 billion.
• Marsh & McLennan has announced a new quarterly dividend of $0.90 per share, reflecting a 1.7% dividend yield, increased from the previous quarter’s dividend of $0.82.

Boston Family Office LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,501 shares of the financial services provider's stock after selling 1,663 shares during the quarter. Marsh & McLennan Companies accounts for about 1.8% of Boston Family Office LLC's holdings, making the stock its 13th biggest position. Boston Family Office LLC's holdings in Marsh & McLennan Companies were worth $25,745,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $37,178,000. XTX Topco Ltd acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $304,000. NewEdge Advisors LLC raised its position in shares of Marsh & McLennan Companies by 10.9% during the 4th quarter. NewEdge Advisors LLC now owns 35,036 shares of the financial services provider's stock worth $7,442,000 after purchasing an additional 3,448 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $2,376,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley cut their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a report on Monday. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target for the company. Wells Fargo & Company decreased their price objective 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. UBS Group decreased 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. Finally, Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $238.76.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $3.2310 during mid-day trading on Tuesday, hitting $210.8810. 1,480,471 shares of the company's stock traded hands, compared to its average volume of 2,622,101. The firm has a 50 day moving average price of $210.85 and a 200 day moving average price of $223.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The company has a market cap of $103.67 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a one year low of $196.27 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) 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. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the business earned $2.41 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were paid a dividend of $0.90 per share. 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 was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 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.