CW Advisors LLC Has $2.99 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Key Points

• CW Advisors LLC increased its holdings in Marsh & McLennan Companies, Inc. by 42.4%, owning 12,370 shares worth approximately $2.99 million as of its latest SEC filing.
• The company announced a quarterly dividend of $0.90, boosting its annualized dividend to $3.60 with a yield of 1.7%, an increase from the previous quarterly dividend.
• Marsh & McLennan Companies reported a 12.1% year-over-year revenue increase, with a quarterly revenue of $6.97 billion and an EPS of $2.72, exceeding analyst expectations.

CW Advisors LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 42.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,370 shares of the financial services provider's stock after buying an additional 3,682 shares during the period. CW Advisors LLC's holdings in Marsh & McLennan Companies were worth $2,994,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Financial LLC increased its stake in Marsh & McLennan Companies by 1.2% in the 1st quarter. Summit Financial LLC now owns 13,174 shares of the financial services provider's stock valued at $3,215,000 after buying an additional 150 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Marsh & McLennan Companies by 670.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 300,477 shares of the financial services provider's stock valued at $73,326,000 after buying an additional 261,464 shares during the last quarter. Capital Fund Management S.A. increased its stake in Marsh & McLennan Companies by 940.4% in the 1st quarter. Capital Fund Management S.A. now owns 30,255 shares of the financial services provider's stock valued at $7,383,000 after buying an additional 33,855 shares during the last quarter. Capital Analysts LLC increased its stake in Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after buying an additional 64 shares during the last quarter. Finally, Erste Asset Management GmbH increased its stake in Marsh & McLennan Companies by 3.5% in the 1st quarter. Erste Asset Management GmbH now owns 366,489 shares of the financial services provider's stock valued at $89,196,000 after buying an additional 12,514 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 0.3%

MMC opened at $210.3830 on Friday. The company has a 50 day moving average of $210.28 and a 200 day moving average of $222.98. The company has a market cap of $103.43 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. 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.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate 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 company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the firm earned $2.41 EPS. Marsh & McLennan Companies's revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MMC. Barclays reduced their target price 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. UBS Group decreased their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Citigroup started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target for the company. Keefe, Bruyette & Woods decreased 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 note on Monday, July 21st. Finally, Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.

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