Marsh & McLennan Companies, Inc. $MMC Position Increased by Summit Financial LLC

Summit Financial LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,174 shares of the financial services provider’s stock after buying an additional 150 shares during the period. Summit Financial LLC’s holdings in Marsh & McLennan Companies were worth $3,215,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MMC. Wellington Management Group LLP lifted its position in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $1,038,594,000. GAMMA Investing LLC lifted its position in shares of Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after acquiring an additional 1,510,966 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after acquiring an additional 1,436,044 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Marsh & McLennan Companies by 25.7% in the 4th quarter. Deutsche Bank AG now owns 3,719,830 shares of the financial services provider’s stock valued at $790,129,000 after acquiring an additional 759,573 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $210.9730 on Friday. The company’s fifty day moving average is $210.41 and its 200-day moving average is $223.09. Marsh & McLennan Companies, Inc. has a 12 month low of $196.27 and a 12 month high of $248.00. The firm has a market cap of $103.72 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly 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 net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business posted $2.41 EPS. Marsh & McLennan Companies’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, July 24th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MMC shares. UBS Group cut their target price on shares of 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 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. Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price for the company. Morgan Stanley cut their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Wells Fargo & Company cut 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 assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $238.76.

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.