Marsh & McLennan Companies, Inc. (MMC) Stake Held by Dixon Hubard Feinour & Brown Inc. VA

Dixon Hubard Feinour & Brown Inc. VA held its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,692 shares of the financial services provider’s stock at the end of the second quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Marsh & McLennan Companies were worth $288,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Accident Compensation Corp raised its position in Marsh & McLennan Companies by 8.5% in the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock worth $6,013,000 after buying an additional 6,400 shares during the last quarter. HighPoint Advisor Group LLC raised its position in Marsh & McLennan Companies by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,031 shares of the financial services provider’s stock worth $749,000 after buying an additional 97 shares during the last quarter. Toronto Dominion Bank raised its position in Marsh & McLennan Companies by 47.5% in the first quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock worth $11,441,000 after buying an additional 49,850 shares during the last quarter. M&T Bank Corp raised its position in Marsh & McLennan Companies by 25.2% in the first quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock worth $6,454,000 after buying an additional 17,572 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Marsh & McLennan Companies by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,940 shares of the financial services provider’s stock worth $1,213,000 after buying an additional 960 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 77.02 on Friday. The firm has a market cap of $39.47 billion, a PE ratio of 21.28 and a beta of 0.98. The stock has a 50 day moving average of $78.43 and a 200 day moving average of $75.10. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 11th will be paid a dividend of $0.375 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.44%.

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MMC has been the topic of several recent analyst reports. Barclays PLC boosted their price target on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Deutsche Bank AG upped their target price on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, June 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $80.00 target price (up from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Marsh & McLennan Companies currently has a consensus rating of “Buy” and a consensus target price of $81.56.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.

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

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