Marsh & McLennan Companies, Inc. $MMC Stock Position Reduced by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,905 shares of the financial services provider’s stock after selling 48 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Marsh & McLennan Companies were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 670.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 300,477 shares of the financial services provider’s stock worth $73,326,000 after purchasing an additional 261,464 shares during the period. Capital Fund Management S.A. grew its position in shares of Marsh & McLennan Companies by 940.4% during the 1st quarter. Capital Fund Management S.A. now owns 30,255 shares of the financial services provider’s stock valued at $7,383,000 after buying an additional 33,855 shares during the last quarter. Capital Analysts LLC raised its stake in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares during the period. Erste Asset Management GmbH boosted its stake in Marsh & McLennan Companies by 3.5% in the first quarter. Erste Asset Management GmbH now owns 366,489 shares of the financial services provider’s stock valued at $89,196,000 after acquiring an additional 12,514 shares during the period. Finally, Humankind Investments LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $211,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the subject of a number of analyst reports. 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. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Barclays dropped their price objective on shares of 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. Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $238.76.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $211.0860 on Thursday. 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 1 year low of $196.27 and a 1 year high of $248.00. The company has a market cap of $103.77 billion, a PE ratio of 25.31, a PEG ratio of 2.63 and a beta of 0.77. The stock’s 50-day moving average price is $210.58 and its two-hundred day moving average price is $223.14.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results 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. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.41 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were issued a $0.90 dividend. The ex-dividend date was Thursday, July 24th. This is an increase 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 1.7%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

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.