Fayez Sarofim & Co maintained its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,500 shares of the financial services provider’s stock at the end of the first quarter. Fayez Sarofim & Co’s holdings in Marsh & McLennan Companies were worth $1,071,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in Marsh & McLennan Companies by 3.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,182 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 592 shares during the period. Van ECK Associates Corp increased its position in Marsh & McLennan Companies by 9.0% in the fourth quarter. Van ECK Associates Corp now owns 7,208 shares of the financial services provider’s stock worth $487,000 after buying an additional 597 shares during the period. Dimensional Fund Advisors LP increased its position in Marsh & McLennan Companies by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,253,259 shares of the financial services provider’s stock worth $84,710,000 after buying an additional 14,165 shares during the period. O Shaughnessy Asset Management LLC increased its position in Marsh & McLennan Companies by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 89,914 shares of the financial services provider’s stock worth $6,077,000 after buying an additional 640 shares during the period. Finally, Coho Partners Ltd. increased its position in Marsh & McLennan Companies by 0.4% in the fourth quarter. Coho Partners Ltd. now owns 1,723,497 shares of the financial services provider’s stock worth $116,491,000 after buying an additional 7,107 shares during the period. Institutional investors own 85.60% of the company’s stock.

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

Shares of Marsh & McLennan Companies, Inc. (MMC) traded down 0.05% during mid-day trading on Tuesday, hitting $80.10. The stock had a trading volume of 329,903 shares. The stock’s 50-day moving average price is $76.05 and its 200-day moving average price is $72.45. The firm has a market cap of $41.18 billion, a PE ratio of 22.51 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $80.47.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. Marsh & McLennan Companies had a return on equity of 28.34% and a net margin of 13.87%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be given a $0.375 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s payout ratio is currently 38.20%.

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A number of research analysts recently weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price target (up from $74.00) on shares of Marsh & McLennan Companies in a research note on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 2nd. Deutsche Bank AG upped their price target on Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, BidaskClub raised Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Marsh & McLennan Companies presently has an average rating of “Buy” and a consensus target price of $77.07.

In other news, SVP Laurie Ledford sold 184,305 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total value of $13,644,099.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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