Resources Management Corp CT ADV Decreases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Resources Management Corp CT ADV decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,660 shares of the financial services provider’s stock after selling 100 shares during the quarter. Resources Management Corp CT ADV’s holdings in Marsh & McLennan Companies were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MMC. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $25,000. Herold Advisors Inc. purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at about $26,000. Hanson & Doremus Investment Management increased its position in shares of Marsh & McLennan Companies by 52.8% during the first quarter. Hanson & Doremus Investment Management now owns 249 shares of the financial services provider’s stock valued at $42,000 after buying an additional 86 shares during the period. Core Alternative Capital increased its position in shares of Marsh & McLennan Companies by 720.0% during the first quarter. Core Alternative Capital now owns 287 shares of the financial services provider’s stock valued at $49,000 after buying an additional 252 shares during the period. Finally, Mascoma Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 60.9% during the first quarter. Mascoma Wealth Management LLC now owns 296 shares of the financial services provider’s stock valued at $50,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 87.76% of the company’s stock.

Analyst Ratings Changes

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

Marsh & McLennan Companies Stock Down 1.0 %

Shares of Marsh & McLennan Companies stock opened at $158.81 on Thursday. The company has a market cap of $79.71 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. The company’s 50 day moving average is $162.52 and its 200 day moving average is $160.74. Marsh & McLennan Companies, Inc. has a twelve month low of $142.80 and a twelve month high of $183.14. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.96.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current 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 issued a dividend of $0.59 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Wednesday, July 27th. Marsh & McLennan Companies’s dividend payout ratio is currently 35.60%.

Marsh & McLennan Companies Profile

(Get Rating)

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.

Featured Stories

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

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.