Wealthfront Advisers LLC Acquires 5,992 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wealthfront Advisers LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 65,722 shares of the financial services provider's stock after purchasing an additional 5,992 shares during the period. Wealthfront Advisers LLC's holdings in Marsh & McLennan Companies were worth $16,038,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its position in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $37,178,000. Proficio Capital Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 40.1% during the 4th quarter. Proficio Capital Partners LLC now owns 3,244 shares of the financial services provider's stock valued at $689,000 after acquiring an additional 928 shares during the last quarter. PDS Planning Inc lifted its holdings in Marsh & McLennan Companies by 15.4% in the 4th quarter. PDS Planning Inc now owns 2,987 shares of the financial services provider's stock worth $635,000 after purchasing an additional 399 shares during the last quarter. Finally, Horizon Investments LLC grew its holdings in Marsh & McLennan Companies by 2.3% during the fourth quarter. Horizon Investments LLC now owns 11,569 shares of the financial services provider's stock valued at $2,448,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MMC shares. Barclays cut their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Keefe, Bruyette & Woods cut their price target on 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 raised their price objective on shares of Marsh & McLennan Companies from $228.00 to $229.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $240.50.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.29 during midday trading on Thursday, reaching $211.69. The company's stock had a trading volume of 2,002,218 shares, compared to its average volume of 1,993,477. The stock has a market cap of $104.31 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80. 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, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The business has a 50-day moving average price of $221.80 and a 200-day moving average price of $224.64.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the business earned $2.41 EPS. The business's quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed 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. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 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.