Financial Engines Advisors L.L.C. Has $7.33 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Financial Engines Advisors L.L.C. has reduced its holdings in Marsh & McLennan Companies by 11.1%, selling 3,752 shares in the first quarter, leaving them with 30,036 shares valued at approximately $7.33 million.
• Marsh & McLennan Companies has recently increased its quarterly dividend from $0.82 to $0.90 per share, representing a 1.8% yield annually.
• The company reported earnings of $2.72 EPS for the last quarter, surpassing analyst expectations of $2.66, and achieved a 12.1% revenue increase year-over-year with total revenue of $6.97 billion.

Financial Engines Advisors L.L.C. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 11.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,036 shares of the financial services provider's stock after selling 3,752 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Marsh & McLennan Companies were worth $7,330,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth about $1,038,594,000. Stifel Financial Corp lifted its position in shares of Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after purchasing an additional 1,883,146 shares in the last quarter. GAMMA Investing LLC grew its position in Marsh & McLennan Companies by 32,120.9% during the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock valued at $369,869,000 after purchasing an additional 1,510,966 shares in the last quarter. Ninety One UK Ltd increased its stake in Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider's stock valued at $578,517,000 after buying an additional 1,436,044 shares during the period. Finally, Deutsche Bank AG lifted its position in Marsh & McLennan Companies by 25.7% in the 4th quarter. Deutsche Bank AG now owns 3,719,830 shares of the financial services provider's stock worth $790,129,000 after buying an additional 759,573 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group lowered their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Barclays reduced their price target 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. Finally, Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Two equities research 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's stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $239.79.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded up $1.26 during trading on Tuesday, reaching $204.61. The stock had a trading volume of 2,468,833 shares, compared to its average volume of 2,916,015. The stock has a fifty day simple moving average of $212.49 and a two-hundred day simple moving average of $223.64. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $196.27 and a 52 week high of $248.00. The firm has a market capitalization of $100.59 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 2.53 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates 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 was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.8%. Marsh & McLennan Companies's dividend payout ratio is 43.17%.

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.