TD Asset Management Inc. Has $122.49 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TD Asset Management Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,227,933 shares of the financial services provider’s stock after buying an additional 27,689 shares during the quarter. TD Asset Management Inc. owned approximately 0.24% of Marsh & McLennan Companies worth $122,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Lenox Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $26,000. Coastal Capital Group Inc. bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $30,000. Capital Advisors Ltd. LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $31,000. Thor Advisors LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $37,000. Finally, Ellis Investment Partners LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $38,000. 85.65% of the stock is owned by institutional investors.

MMC stock traded down $2.91 during trading hours on Wednesday, hitting $96.31. 38,307 shares of the stock were exchanged, compared to its average volume of 1,718,363. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $50.27 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.77 and a beta of 0.77. The firm has a 50-day moving average price of $100.66. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $103.36.



Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.05. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.455 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, July 10th. This represents a $1.82 annualized dividend and a yield of 1.89%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.84%.

MMC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $100.00 to $99.00 in a research note on Wednesday, June 12th. UBS Group increased their price target on Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price target on the stock. in a research note on Monday, July 1st. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Finally, ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $97.30.

Marsh & McLennan Companies Company 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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