Crestwood Advisors Group LLC Sells 1,500 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Crestwood Advisors Group LLC lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,842 shares of the financial services provider's stock after selling 1,500 shares during the period. Crestwood Advisors Group LLC's holdings in Marsh & McLennan Companies were worth $24,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $37,000. City Holding Co. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $37,000. Transce3nd LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $39,000. Garde Capital Inc. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $42,000. Finally, First Pacific Financial grew its holdings in shares of Marsh & McLennan Companies by 133.8% during the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MMC shares. Wells Fargo & Company reduced their target price on shares of 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 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. Keefe, Bruyette & Woods dropped 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. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, UBS Group dropped their target price 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $239.79.

Marsh & McLennan Companies Stock Up 0.0%

NYSE MMC traded up $0.06 during trading hours on Thursday, reaching $208.96. 1,073,092 shares of the company's stock traded hands, compared to its average volume of 2,227,142. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $102.73 billion, a PE ratio of 25.06, a PEG ratio of 2.56 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 52-week low of $207.21 and a 52-week high of $248.00. The firm has a 50-day simple moving average of $220.29 and a 200 day simple moving average of $224.60.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its 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. The business had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be paid a $0.90 dividend. The ex-dividend date is Thursday, July 24th. This is a positive change 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 1.72%. Marsh & McLennan Companies's payout ratio is currently 39.09%.

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.