TD Waterhouse Canada Inc. Buys 8,246 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TD Waterhouse Canada Inc. raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,952 shares of the financial services provider's stock after acquiring an additional 8,246 shares during the period. TD Waterhouse Canada Inc.'s holdings in Marsh & McLennan Companies were worth $20,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $36,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $38,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at $39,000. Finally, Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded up $0.41 during trading hours on Friday, hitting $219.37. 3,174,623 shares of the stock were exchanged, compared to its average volume of 1,871,611. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The business's 50-day moving average is $232.00 and its two-hundred day moving average is $224.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $108.13 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period last year, the firm posted $2.89 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.49%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MMC. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday. UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Finally, Barclays boosted their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $241.93.

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. This trade represents a 14.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 in the last 90 days. 0.35% of the stock is currently owned by insiders.

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.