Marsh & McLennan Companies, Inc. (NYSE:MMC) Stake Lowered by Tredje AP fonden

Tredje AP fonden trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 42.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,953 shares of the financial services provider's stock after selling 52,125 shares during the period. Tredje AP fonden's holdings in Marsh & McLennan Companies were worth $17,071,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Parisi Gray Wealth Management bought a new position in Marsh & McLennan Companies in the first quarter worth about $947,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock worth $25,270,000 after acquiring an additional 52,218 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 101.4% during the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider's stock valued at $1,741,000 after buying an additional 3,593 shares during the last quarter. US Asset Management LLC raised its holdings in shares of Marsh & McLennan Companies by 23.1% during the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider's stock valued at $1,671,000 after buying an additional 1,284 shares during the last quarter. Finally, Annex Advisory Services LLC raised its holdings in shares of Marsh & McLennan Companies by 2.1% during the first quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock valued at $15,447,000 after buying an additional 1,288 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 0.7%

MMC stock traded down $1.44 during mid-day trading on Friday, reaching $197.76. 3,514,400 shares of the stock traded hands, compared to its average volume of 2,279,064. 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, Inc. has a 52-week low of $196.27 and a 52-week high of $248.00. The company has a market cap of $97.22 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.43 and a beta of 0.80. The stock's fifty day moving average is $217.26 and its 200-day moving average is $224.37.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the company posted $2.41 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Analysts Set New Price Targets

MMC has been the topic of a number of recent analyst reports. UBS Group cut their price target on 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 cut their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. Barclays cut their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. 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 report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note 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 assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average target price of $239.79.

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.