Marsh & McLennan Companies, Inc. (NYSE:MMC) is Bristol Gate Capital Partners Inc.’s 3rd Largest Position

Bristol Gate Capital Partners Inc. increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 440,348 shares of the financial services provider’s stock after buying an additional 2,892 shares during the quarter. Marsh & McLennan Companies accounts for approximately 5.2% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 3rd biggest holding. Bristol Gate Capital Partners Inc. owned about 0.09% of Marsh & McLennan Companies worth $107,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $37,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $37,000. Garde Capital Inc. purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $42,000. Transce3nd LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $39,000. Finally, First Pacific Financial lifted its stake in Marsh & McLennan Companies by 133.8% in the first quarter. First Pacific Financial now owns 187 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 107 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MMC shares. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a report on Friday, July 18th. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. Barclays decreased their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Finally, UBS Group dropped their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. 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. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $239.79.

Marsh & McLennan Companies Trading Down 1.8%

Shares of NYSE MMC opened at $202.57 on Wednesday. The firm’s 50 day moving average price is $218.42 and its 200-day moving average price is $224.62. Marsh & McLennan Companies, Inc. has a 52-week low of $201.51 and a 52-week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $99.59 billion, a PE ratio of 24.29, a P/E/G ratio of 2.50 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the business posted $2.41 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, July 24th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Marsh & McLennan Companies Company 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.