Tower View Wealth Management LLC Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tower View Wealth Management LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,099 shares of the financial services provider’s stock after acquiring an additional 274 shares during the period. Marsh & McLennan Companies accounts for 3.5% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Tower View Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $6,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Nixon Peabody Trust Co. lifted its stake in Marsh & McLennan Companies by 0.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 74,248 shares of the financial services provider’s stock valued at $15,771,000 after buying an additional 287 shares during the period. Jacobi Capital Management LLC lifted its stake in Marsh & McLennan Companies by 12.0% in the fourth quarter. Jacobi Capital Management LLC now owns 1,092 shares of the financial services provider’s stock valued at $232,000 after buying an additional 117 shares during the period. Metis Global Partners LLC lifted its stake in Marsh & McLennan Companies by 20.5% in the fourth quarter. Metis Global Partners LLC now owns 29,232 shares of the financial services provider’s stock valued at $6,209,000 after buying an additional 4,980 shares during the period. Fisher Asset Management LLC lifted its stake in Marsh & McLennan Companies by 72.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,993 shares of the financial services provider’s stock valued at $424,000 after buying an additional 836 shares during the period. Finally, Terril Brothers Inc. acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $221,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 1.4 %

Shares of MMC opened at $237.78 on Friday. The business has a 50-day moving average of $220.47 and a 200 day moving average of $222.83. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $237.97. The firm has a market cap of $116.78 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MMC shares. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Barclays raised their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Raymond James restated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.44.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.