Boston Financial Mangement LLC held its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, Holdings Channel reports. The institutional investor owned 2,975 shares of the financial services provider’s stock at the end of the first quarter. Boston Financial Mangement LLC’s holdings in Marsh & McLennan Companies were worth $220,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Glassman Wealth Services increased its position in Marsh & McLennan Companies by 0.6% in the fourth quarter. Glassman Wealth Services now owns 2,958 shares of the financial services provider’s stock worth $200,000 after buying an additional 17 shares in the last quarter. Raymond James Trust N.A. increased its position in Marsh & McLennan Companies by 0.7% in the first quarter. Raymond James Trust N.A. now owns 4,954 shares of the financial services provider’s stock worth $366,000 after buying an additional 32 shares in the last quarter. Atria Investments LLC increased its position in Marsh & McLennan Companies by 1.4% in the first quarter. Atria Investments LLC now owns 4,003 shares of the financial services provider’s stock worth $296,000 after buying an additional 54 shares in the last quarter. Trust Co. of Vermont increased its position in Marsh & McLennan Companies by 1.4% in the first quarter. Trust Co. of Vermont now owns 4,909 shares of the financial services provider’s stock worth $363,000 after buying an additional 69 shares in the last quarter. Finally, WBI Investments Inc. increased its position in Marsh & McLennan Companies by 1.2% in the first quarter. WBI Investments Inc. now owns 6,408 shares of the financial services provider’s stock worth $474,000 after buying an additional 74 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors.

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

Marsh & McLennan Companies, Inc. (NYSE MMC) traded up 0.21% during midday trading on Friday, reaching $80.27. 1,795,534 shares of the company were exchanged. The firm has a market cap of $41.27 billion, a P/E ratio of 22.55 and a beta of 0.96. The firm’s 50-day moving average is $75.87 and its 200-day moving average is $72.32. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $80.46.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 11th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, July 7th. 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 yield of 1.87%. Marsh & McLennan Companies’s payout ratio is 38.20%.

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A number of research firms have weighed in on MMC. Credit Suisse Group set a $74.00 price target on shares of Marsh & McLennan Companies and gave the stock a “hold” rating in a research note on Saturday, March 25th. Jefferies Group LLC reissued a “hold” rating on shares of Marsh & McLennan Companies in a research note on Friday. Deutsche Bank AG raised their target price on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, June 9th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $77.07.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $74.03, for a total value of $13,644,099.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is owned by insiders.

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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