Boyd Watterson Asset Management LLC OH increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,626 shares of the financial services provider’s stock after buying an additional 200 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Marsh & McLennan Companies were worth $361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Tompkins Financial Corp increased its position in Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock worth $107,000 after buying an additional 135 shares during the last quarter. CENTRAL TRUST Co increased its position in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock worth $111,000 after buying an additional 102 shares during the last quarter. Ledyard National Bank increased its position in Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,310 shares during the last quarter. Orrstown Financial Services Inc. increased its position in Marsh & McLennan Companies by 26.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,615 shares of the financial services provider’s stock worth $120,000 after buying an additional 340 shares during the last quarter. Finally, CWM LLC increased its position in Marsh & McLennan Companies by 2,695.2% in the first quarter. CWM LLC now owns 1,761 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,698 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 78.88 on Monday. The stock has a 50 day moving average of $77.06 and a 200 day moving average of $72.95. Marsh & McLennan Companies, Inc. has a 1-year low of $62.33 and a 1-year high of $80.47. The company has a market cap of $40.56 billion, a price-to-earnings ratio of 22.16 and a beta of 0.99.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post $3.82 EPS for the current 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 issued a dividend of $0.375 per share. The ex-dividend date is Friday, July 7th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 annualized dividend and a dividend yield of 1.90%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.13%.

WARNING: “Boyd Watterson Asset Management LLC OH Has $361,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)” was originally published by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/boyd-watterson-asset-management-llc-oh-has-361000-position-in-marsh-mclennan-companies-inc-nysemmc/1445096.html.

MMC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, April 4th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 9th. Deutsche Bank AG boosted their price target 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. Finally, BidaskClub lowered shares of Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.23.

In other news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.46% of the stock is owned by company insiders.

About Marsh & McLennan Companies

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.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

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

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