Town & Country Bank & Trust CO dba First Bankers Trust CO Takes $694,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,389 shares of the financial services provider’s stock, valued at approximately $694,000.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Marsh & McLennan Companies by 13.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock worth $640,917,000 after purchasing an additional 945,494 shares during the last quarter. Franklin Resources Inc. increased its stake in Marsh & McLennan Companies by 38.2% in the 3rd quarter. Franklin Resources Inc. now owns 80,223 shares of the financial services provider’s stock valued at $6,636,000 after buying an additional 22,159 shares during the last quarter. Standard Life Aberdeen plc increased its stake in Marsh & McLennan Companies by 2.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 442,639 shares of the financial services provider’s stock valued at $36,617,000 after buying an additional 8,675 shares during the last quarter. Fifth Third Bancorp increased its stake in Marsh & McLennan Companies by 19.2% in the 3rd quarter. Fifth Third Bancorp now owns 23,165 shares of the financial services provider’s stock valued at $1,916,000 after buying an additional 3,726 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $1,759,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

MMC opened at $93.88 on Friday. The company has a market capitalization of $47.58 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $95.82. The company has a quick ratio of 1.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the firm earned $1.23 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 4.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, April 10th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is presently 38.16%.

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

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,245 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total value of $115,287.00. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $270,669.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP E Scott Gilbert sold 89,789 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the completion of the sale, the senior vice president now owns 94,957 shares in the company, valued at $8,550,877.85. 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. Corporate insiders own 1.16% of the company’s stock.

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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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