First American Bank Has $12.81 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

First American Bank raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,303 shares of the financial services provider’s stock after buying an additional 562 shares during the period. Marsh & McLennan Companies comprises about 0.9% of First American Bank’s investment portfolio, making the stock its 28th biggest holding. First American Bank’s holdings in Marsh & McLennan Companies were worth $12,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC grew its position in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. raised its holdings in Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after buying an additional 3,300 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after acquiring an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. lifted its holdings in Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $234.80 on Friday. The firm has a fifty day moving average of $219.95 and a two-hundred day moving average of $222.65. The stock has a market capitalization of $115.32 billion, a price-to-earnings ratio of 28.67, a PEG 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, Inc. has a 52 week low of $196.17 and a 52 week high of $236.00.

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

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMC shares. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their target price 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. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Raymond James reissued an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus 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.