Triasima Portfolio Management inc. Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Triasima Portfolio Management inc. increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,393 shares of the financial services provider’s stock after purchasing an additional 60 shares during the period. Marsh & McLennan Companies accounts for 1.2% of Triasima Portfolio Management inc.’s portfolio, making the stock its 23rd biggest position. Triasima Portfolio Management inc.’s holdings in Marsh & McLennan Companies were worth $6,197,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MMC. Vanguard Group Inc. boosted its position in shares of Marsh & McLennan Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock valued at $9,503,120,000 after buying an additional 356,618 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock worth $2,554,841,000 after purchasing an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock worth $2,156,179,000 after buying an additional 96,750 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Marsh & McLennan Companies by 14.0% during the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider’s stock valued at $1,260,513,000 after purchasing an additional 726,713 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $1,236,186,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MMC shares. UBS Group boosted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $228.00 to $229.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. Barclays lowered their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an “underperform” rating for the company in a research note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $240.50.

Marsh & McLennan Companies Trading Down 1.3%

NYSE:MMC opened at $210.87 on Wednesday. The firm has a 50-day simple moving average of $222.12 and a 200-day simple moving average of $224.73. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The firm has a market cap of $103.90 billion, a P/E ratio of 25.84, a P/E/G ratio of 2.62 and a beta of 0.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. During the same quarter in the prior year, the business earned $2.89 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, July 24th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. Marsh & McLennan Companies’s payout ratio is 39.95%.

Marsh & McLennan Companies Profile

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.