Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 170 Shares of Marsh & McLennan Companies, Inc. $MMC

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,954 shares of the financial services provider’s stock after buying an additional 170 shares during the period. Marsh & McLennan Companies accounts for approximately 1.5% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 16th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Marsh & McLennan Companies were worth $4,144,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $1,038,594,000. GAMMA Investing LLC boosted its holdings in shares of Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock worth $369,869,000 after buying an additional 1,510,966 shares during the period. Ninety One UK Ltd raised its holdings in Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock worth $578,517,000 after acquiring an additional 1,436,044 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Marsh & McLennan Companies by 5,035.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock worth $176,836,000 after acquiring an additional 793,052 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.1%

MMC opened at $197.03 on Tuesday. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The firm has a market cap of $96.86 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.47 and a beta of 0.81. The firm’s 50-day simple moving average is $204.89 and its 200-day simple moving average is $218.56. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Wolfe Research started coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Barclays cut their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $238.76.

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.