Marsh & McLennan Companies, Inc. (MMC) is Tower View Investment Management & Research LLC’s 9th Largest Position

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Tower View Investment Management & Research LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,198 shares of the financial services provider’s stock after purchasing an additional 1,175 shares during the quarter. Marsh & McLennan Companies comprises 2.6% of Tower View Investment Management & Research LLC’s investment portfolio, making the stock its 9th largest holding. Tower View Investment Management & Research LLC’s holdings in Marsh & McLennan Companies were worth $2,929,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Canton Hathaway LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at $30,000. Sontag Advisory LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $26,000. Howe & Rusling Inc. increased its stake in Marsh & McLennan Companies by 66.7% in the 4th quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock valued at $27,000 after buying an additional 136 shares during the period. Capital Financial Planning LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $29,000. Finally, Parkside Financial Bank & Trust increased its stake in Marsh & McLennan Companies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock valued at $30,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 87.05% of the company’s stock.

In related news, SVP E Scott Gilbert sold 89,789 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $90.05, for a total value of $8,085,499.45. Following the sale, the senior vice president now directly owns 94,957 shares in the company, valued at approximately $8,550,877.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Mcdonald sold 11,245 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $90.34, for a total transaction of $1,015,873.30. The disclosure for this sale can be found here. Insiders sold a total of 223,725 shares of company stock worth $20,508,280 over the last quarter. Insiders own 1.16% of the company’s stock.

NYSE:MMC opened at $94.88 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.21. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $95.43. The firm has a market cap of $47.92 billion, a PE ratio of 21.81, a P/E/G ratio of 1.73 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.72 billion. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th will be given a $0.415 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.75%. Marsh & McLennan Companies’s dividend payout ratio is presently 38.16%.

Several brokerages have issued reports on MMC. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a research note on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective on the stock. Citigroup set a $99.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Finally, Compass Point began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, January 15th. They set a “neutral” rating and a $86.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $93.60.

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Marsh & McLennan Companies Profile

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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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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