Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,596 shares of the financial services provider's stock after purchasing an additional 2,129 shares during the period. Larson Financial Group LLC's holdings in Marsh & McLennan Companies were worth $3,806,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms recently issued reports on MMC. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Jefferies Financial Group boosted their target price 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. Keefe, Bruyette & Woods lowered their target price 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. Wells Fargo & Company boosted their target price 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. Finally, Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $240.50.

Marsh & McLennan Companies Trading Up 0.9%

MMC opened at $213.62 on Tuesday. The stock has a market capitalization of $105.25 billion, a PE ratio of 26.18, a P/E/G ratio of 2.59 and a beta of 0.80. The firm's fifty day moving average price is $222.44 and its 200 day moving average price is $224.83. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same period in the prior year, the company posted $2.89 earnings per share. As a group, research analysts expect 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 will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.90 per share. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 annualized dividend and a yield of 1.69%. Marsh & McLennan Companies's payout ratio is presently 44.12%.

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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