Bowen Hanes & Co. Inc. Sells 4,415 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

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Bowen Hanes & Co. Inc. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,821 shares of the financial services provider's stock after selling 4,415 shares during the period. Bowen Hanes & Co. Inc.'s holdings in Marsh & McLennan Companies were worth $51,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $28,000. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $37,000. Ameriflex Group Inc. acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $37,000. Finally, Garde Capital Inc. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $42,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 0.3%

Shares of NYSE:MMC traded down $0.7270 during midday trading on Friday, hitting $210.3830. The company had a trading volume of 1,467,076 shares, compared to its average volume of 2,517,538. Marsh & McLennan Companies, Inc. has a 12 month low of $196.27 and a 12 month high of $248.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market cap of $103.43 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.63 and a beta of 0.77. The firm has a fifty day simple moving average of $210.28 and a 200 day simple moving average of $223.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.92 billion. During the same period last year, the company earned $2.41 EPS. The firm's revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were given a $0.90 dividend. The ex-dividend date was Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is 43.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 target price for the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 target price for the company. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, July 21st. Wells Fargo & Company lowered 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 note on Friday, July 18th. Finally, Barclays lowered their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Six investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $238.76.

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.