MASTERINVEST Kapitalanlage GmbH Acquires Shares of 8,995 Marsh & McLennan Companies, Inc. $MMC

MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 8,995 shares of the financial services provider’s stock, valued at approximately $1,967,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stance Capital LLC acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $1,309,000. B. Riley Wealth Advisors Inc. acquired a new position in Marsh & McLennan Companies in the second quarter valued at about $485,000. Newbridge Financial Services Group Inc. increased its holdings in Marsh & McLennan Companies by 1,007.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 875 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 796 shares during the last quarter. State of Wyoming raised its holdings in shares of Marsh & McLennan Companies by 70.4% in the 2nd quarter. State of Wyoming now owns 506 shares of the financial services provider’s stock valued at $111,000 after buying an additional 209 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $186.10 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The stock has a market cap of $91.17 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. The business has a fifty day moving average of $186.09 and a 200-day moving average of $201.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on MMC shares. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $209.00 to $191.00 in a research note on Friday, October 17th. Bank of America reiterated an “underperform” rating and set a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Barclays upgraded shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $221.00 to $206.00 in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $223.00.

About Marsh & McLennan Companies

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.