Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 9,040 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)
Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 122.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,429 shares of the financial services provider’s stock after acquiring an additional 9,040 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Marsh & McLennan Companies were worth $1,639,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Fosun International Ltd bought a new position in Marsh & McLennan Companies during the 1st quarter valued at $206,000. Flagship Harbor Advisors LLC lifted its stake in Marsh & McLennan Companies by 16.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,986 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 571 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in Marsh & McLennan Companies during the 1st quarter valued at $1,969,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $795,000. Finally, Scout Investments Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $93,139,000. Institutional investors and hedge funds own 85.17% of the company’s stock.
MMC has been the subject of several research analyst reports. Zacks Investment Research lowered First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Keefe, Bruyette & Woods lowered Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $100.00 to $99.00 in a research report on Wednesday, June 12th. UBS Group raised their target price on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $393.00 target price on shares of Boeing in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $96.64.
Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter last year, the firm posted $1.23 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 4.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.82 annualized dividend and a yield of 1.78%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.84%.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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