Tompkins Financial Corp Increases Holdings in Marsh & McLennan Companies, Inc. (MMC)

Tompkins Financial Corp boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 31.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,163 shares of the financial services provider’s stock after purchasing an additional 748 shares during the period. Tompkins Financial Corp’s holdings in Marsh & McLennan Companies were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BTIM Corp. boosted its position in shares of Marsh & McLennan Companies by 6.7% in the 1st quarter. BTIM Corp. now owns 241,936 shares of the financial services provider’s stock worth $22,718,000 after purchasing an additional 15,195 shares during the last quarter. Tower View Investment Management & Research LLC raised its stake in shares of Marsh & McLennan Companies by 3.9% in the 1st quarter. Tower View Investment Management & Research LLC now owns 31,198 shares of the financial services provider’s stock valued at $2,929,000 after purchasing an additional 1,175 shares during the period. Flagship Harbor Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 16.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,986 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 571 shares during the period. Raymond James Trust N.A. increased its position in shares of Marsh & McLennan Companies by 10.3% in the first quarter. Raymond James Trust N.A. now owns 6,538 shares of the financial services provider’s stock valued at $613,000 after acquiring an additional 609 shares during the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $278,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Shares of MMC opened at $93.94 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $95.82. The company has a market cap of $47.62 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.72 and a beta of 0.86. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.415 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.77%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 38.16%.

A number of brokerages have weighed in on MMC. Zacks Investment Research downgraded 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 price target on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Citigroup set a $99.00 price target on Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Compass Point began coverage on Marsh & McLennan Companies in a research report on Tuesday, January 15th. They set a “neutral” rating and a $86.00 price target on the stock. Finally, Goldman Sachs Group began coverage on Marsh & McLennan Companies in a report on Monday, April 8th. They set a “neutral” rating and a $98.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $93.60.

In related news, SVP E Scott Gilbert sold 12,677 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $92.77, for a total value of $1,176,045.29. Following the completion of the sale, the senior vice president now directly owns 55,874 shares in the company, valued at $5,183,430.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 13,867 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $92.91, for a total value of $1,288,382.97. Following the completion of the sale, the chief financial officer now owns 47,545 shares of the company’s stock, valued at $4,417,405.95. The disclosure for this sale can be found here. Insiders have sold 122,691 shares of company stock valued at $11,406,907 over the last quarter. Company 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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