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Institutional investors increased stakes in Marsh & McLennan, which beat earnings estimates and raised its dividend.
Cullen Frost Bankers Inc. and Banco Santander S.A. increased their stakes in Marsh & McLennan Companies (MMC) by 4.6% and 6.5%, respectively, during the fourth quarter.
MMC reported earnings of $1.87 per share, beating estimates by $0.12.
The company also announced a quarterly dividend of $0.815, with a yield of 1.38%.
Institutional investors now own 87.99% of MMC's stock.
Analysts have a consensus rating of "Hold" with an average price target of $230.44.
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Los inversores institucionales aumentaron las participaciones en Marsh & McLennan, lo que superó las estimaciones de ingresos y aumentó su dividendo.