Tower Bridge Advisors Has $452,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tower Bridge Advisors lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,129 shares of the financial services provider’s stock after selling 89 shares during the period. Tower Bridge Advisors’ holdings in Marsh & McLennan Companies were worth $452,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its holdings in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after acquiring an additional 19,024 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Marsh & McLennan Companies by 4.1% during the third quarter. Pinnacle Associates Ltd. now owns 6,698 shares of the financial services provider’s stock valued at $1,494,000 after purchasing an additional 266 shares during the last quarter. Financial Advocates Investment Management raised its position in shares of Marsh & McLennan Companies by 2.1% in the third quarter. Financial Advocates Investment Management now owns 4,165 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 85 shares during the period. Catalyst Financial Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 8.1% in the third quarter. Catalyst Financial Partners LLC now owns 1,698 shares of the financial services provider’s stock worth $379,000 after buying an additional 127 shares during the last quarter. Finally, HM Payson & Co. grew its stake in Marsh & McLennan Companies by 2.7% in the 3rd quarter. HM Payson & Co. now owns 4,937 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 131 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.4 %

MMC stock opened at $237.78 on Friday. The business’s 50 day moving average is $220.47 and its 200-day moving average is $222.79. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $116.78 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $237.97.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MMC shares. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Barclays increased their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $230.44.

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.