Edgestream Partners L.P. Buys 12,215 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Edgestream Partners L.P. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 110.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,225 shares of the financial services provider's stock after purchasing an additional 12,215 shares during the quarter. Edgestream Partners L.P.'s holdings in Marsh & McLennan Companies were worth $5,668,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Defined Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after purchasing an additional 47 shares in the last quarter. Opus Capital Group LLC boosted its position in Marsh & McLennan Companies by 2.6% in the first quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider's stock worth $470,000 after purchasing an additional 48 shares during the last quarter. Court Place Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 4.0% during the 1st quarter. Court Place Advisors LLC now owns 1,248 shares of the financial services provider's stock valued at $305,000 after buying an additional 48 shares during the last quarter. DF Dent & Co. Inc. lifted its position in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after buying an additional 49 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its holdings in Marsh & McLennan Companies by 4.1% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.6%

MMC stock traded up $1.21 on Friday, reaching $212.25. 1,895,902 shares of the company traded hands, compared to its average volume of 2,226,157. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The firm has a fifty day simple moving average of $221.45 and a 200-day simple moving average of $224.64. 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 company has a market cap of $104.58 billion, a P/E ratio of 26.01, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The firm had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.70%. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's payout ratio is presently 39.95%.

Analyst Ratings Changes

A number of brokerages have weighed in on MMC. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $228.00 to $229.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Barclays dropped their target price on 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. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. UBS Group increased their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $240.50.

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.