TIAA Trust National Association Has $3.79 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• TIAA Trust National Association increased its holdings in Marsh & McLennan Companies by 41.5% during the first quarter, owning 15,527 shares valued at approximately $3.79 million at the end of the period.
• The company recently increased its quarterly dividend from $0.82 to $0.90, resulting in an annualized yield of 1.8% and a payout ratio of 43.17%.
• Marsh & McLennan reported a Q2 EPS of $2.72, surpassing analysts' expectations, with revenues rising 12.1% year-over-year to $6.97 billion.

TIAA Trust National Association grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 41.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,527 shares of the financial services provider's stock after purchasing an additional 4,557 shares during the quarter. TIAA Trust National Association's holdings in Marsh & McLennan Companies were worth $3,789,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MMC. Price T Rowe Associates Inc. MD grew its holdings in shares of Marsh & McLennan Companies by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after buying an additional 96,750 shares during the last quarter. Northern Trust Corp raised its holdings in Marsh & McLennan Companies by 14.0% during the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after acquiring an additional 726,713 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Marsh & McLennan Companies by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider's stock valued at $1,108,459,000 after buying an additional 609,602 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Marsh & McLennan Companies by 7.2% during the fourth quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider's stock valued at $973,214,000 after purchasing an additional 308,759 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Marsh & McLennan Companies by 25.7% in the fourth quarter. Deutsche Bank AG now owns 3,719,830 shares of the financial services provider's stock worth $790,129,000 after purchasing an additional 759,573 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded down $0.80 during mid-day trading on Thursday, reaching $203.10. The stock had a trading volume of 2,226,306 shares, compared to its average volume of 2,289,346. The business has a 50-day simple moving average of $214.89 and a 200 day simple moving average of $223.98. The company has a market cap of $99.85 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.43 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a 12-month low of $196.27 and a 12-month high of $248.00. 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 released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The company 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.41 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company 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 an increase 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 1.8%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their price objective 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 cut their target price on 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. UBS Group reduced their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Barclays lowered their target price on shares of 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, Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $239.79.

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.