Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Decreased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 8.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,215 shares of the financial services provider’s stock after selling 106 shares during the period. J.W. Cole Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. BlackRock Inc. raised its stake in shares of Marsh & McLennan Companies by 7.4% during the fourth quarter. BlackRock Inc. now owns 43,136,914 shares of the financial services provider’s stock valued at $7,498,062,000 after purchasing an additional 2,986,547 shares in the last quarter. Norges Bank bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $350,304,000. Capital Research Global Investors raised its position in Marsh & McLennan Companies by 331.5% in the first quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock worth $311,962,000 after acquiring an additional 1,406,293 shares in the last quarter. Viking Global Investors LP raised its position in Marsh & McLennan Companies by 78.4% in the first quarter. Viking Global Investors LP now owns 2,250,643 shares of the financial services provider’s stock worth $383,555,000 after acquiring an additional 989,073 shares in the last quarter. Finally, State Street Corp raised its position in Marsh & McLennan Companies by 3.7% in the fourth quarter. State Street Corp now owns 24,011,909 shares of the financial services provider’s stock worth $4,173,750,000 after acquiring an additional 860,365 shares in the last quarter. 87.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on MMC shares. Jefferies Financial Group dropped their price target on shares of Marsh & McLennan Companies from $198.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies to $185.00 in a research report on Friday, July 22nd. The Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price target on the stock. Finally, Morgan Stanley cut Marsh & McLennan Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $163.00 to $145.00 in a research note on Friday, June 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $177.60.

Marsh & McLennan Companies Trading Down 1.2 %

NYSE:MMC opened at $153.60 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 1.16. Marsh & McLennan Companies, Inc. has a fifty-two week low of $142.80 and a fifty-two week high of $183.14. The stock’s 50-day moving average is $162.69 and its two-hundred day moving average is $160.74. The stock has a market cap of $77.09 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.81 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.03. Marsh & McLennan Companies had a return on equity of 31.24% and a net margin of 16.36%. The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the business posted $1.75 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 6.8 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Thursday, July 28th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, July 27th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. Marsh & McLennan Companies’s payout ratio is 35.60%.

Marsh & McLennan Companies Profile

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Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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