Cwm LLC Has $6.38 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

CWM LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 8.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,149 shares of the financial services provider's stock after acquiring an additional 2,044 shares during the quarter. CWM LLC's holdings in Marsh & McLennan Companies were worth $6,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $39,000. Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $42,000. Finally, First Pacific Financial grew its position 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 worth $46,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MMC shares. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $228.00 to $229.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. Finally, Barclays decreased 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus target price of $240.50.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded up $1.31 on Friday, hitting $212.35. 660,398 shares of the stock were exchanged, compared to its average volume of 1,995,540. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The business's fifty day moving average is $221.45 and its 200 day moving average is $224.64. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The company has a market capitalization of $104.63 billion, a PE ratio of 26.04, a P/E/G ratio of 2.58 and a beta of 0.80.

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 net margin of 16.13% and a return on equity of 32.19%. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the firm posted $2.41 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. Research 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. Shareholders of record on Thursday, July 24th will be given a dividend of $0.90 per share. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is 39.95%.

Marsh & McLennan Companies Company 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.