Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,583 shares of the financial services provider's stock after acquiring an additional 1,645 shares during the period. Parcion Private Wealth LLC's holdings in Marsh & McLennan Companies were worth $6,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital A Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 15.4% during the 1st quarter. Capital A Wealth Management LLC now owns 441 shares of the financial services provider's stock worth $108,000 after acquiring an additional 59 shares in the last quarter. Bridgewater Advisors Inc. acquired a new position in Marsh & McLennan Companies during the first quarter worth approximately $1,153,000. Larson Financial Group LLC increased its position in Marsh & McLennan Companies by 15.8% during the first quarter. Larson Financial Group LLC now owns 15,596 shares of the financial services provider's stock worth $3,806,000 after buying an additional 2,129 shares during the period. Sage Mountain Advisors LLC increased its position in Marsh & McLennan Companies by 25.3% during the first quarter. Sage Mountain Advisors LLC now owns 4,335 shares of the financial services provider's stock worth $1,058,000 after buying an additional 874 shares during the period. Finally, Wealthfront Advisers LLC increased its position in Marsh & McLennan Companies by 10.0% during the first quarter. Wealthfront Advisers LLC now owns 65,722 shares of the financial services provider's stock worth $16,038,000 after buying an additional 5,992 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on MMC. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $228.00 to $229.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Barclays decreased their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Finally, UBS Group lifted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $240.50.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded up $0.95 during trading on Wednesday, reaching $211.85. The company had a trading volume of 3,331,013 shares, compared to its average volume of 1,992,772. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The stock has a market capitalization of $104.39 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80. The stock has a 50-day moving average price of $222.12 and a two-hundred day moving average price of $224.73. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be paid a $0.90 dividend. 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 is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is presently 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.