Callan Family Office LLC Has $6.86 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Callan Family Office LLC increased its ownership in Marsh & McLennan Companies by 7.6% in the first quarter, raising its total shares to 28,126, valued at approximately $6.86 million.
• The company announced a quarterly dividend increase to $0.90 per share, up from $0.82, reflecting a positive annualized dividend of $3.60 and a yield of 1.8%.
• Marsh & McLennan's recent earnings report showed an EPS of $2.72, exceeding analyst expectations and marking a 12.1% year-over-year revenue growth to $6.97 billion.

Callan Family Office LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,126 shares of the financial services provider's stock after purchasing an additional 1,984 shares during the period. Callan Family Office LLC's holdings in Marsh & McLennan Companies were worth $6,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $37,178,000. Covestor Ltd increased its holdings in Marsh & McLennan Companies by 29.1% in the fourth quarter. Covestor Ltd now owns 231 shares of the financial services provider's stock valued at $49,000 after buying an additional 52 shares during the last quarter. Townsquare Capital LLC increased its holdings in Marsh & McLennan Companies by 16.1% in the fourth quarter. Townsquare Capital LLC now owns 11,761 shares of the financial services provider's stock valued at $2,498,000 after buying an additional 1,631 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $1,115,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a report on Wednesday. They issued an "overweight" rating and a $256.00 price objective for the company. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Citigroup assumed coverage on Marsh & McLennan Companies in a report on Wednesday. They set a "neutral" rating and a $226.00 price objective for the company. Finally, UBS Group lowered their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $239.94.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded up $0.30 during trading on Friday, hitting $207.29. 1,767,649 shares of the stock were exchanged, compared to its average volume of 2,732,376. Marsh & McLennan Companies, Inc. has a 1-year low of $196.27 and a 1-year high of $248.00. The stock has a market capitalization of $101.91 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77. The company has a fifty day moving average price of $211.14 and a 200-day moving average price of $223.33. 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 announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business earned $2.41 EPS. Marsh & McLennan Companies's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

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

About Marsh & McLennan Companies

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.