111 Capital Acquires New Stake in Marsh & McLennan Companies, Inc. $MMC

Key Points

• 111 Capital acquired a new stake in Marsh & McLennan Companies, Inc. during the second quarter, purchasing 3,406 shares valued at approximately $745,000.
• Marsh & McLennan reported an earnings per share of $2.72 for the last quarter, exceeding analysts' expectations by $0.06, with revenue up 12.1% compared to the previous year.
• The company has declared a quarterly dividend of $0.90, which will be paid on November 14th, reflecting an annual yield of 1.8%.

111 Capital acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,406 shares of the financial services provider's stock, valued at approximately $745,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MMC. Brighton Jones LLC increased its holdings in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after purchasing an additional 2,960 shares during the period. Bison Wealth LLC grew its holdings in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock worth $651,000 after acquiring an additional 869 shares during the period. NBC Securities Inc. acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $101,000. Vest Financial LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $237,000. Finally, Signal Advisors Wealth LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $597,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $201.25 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00. The stock has a market cap of $98.94 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.53 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The firm's 50-day simple moving average is $202.96 and its 200 day simple moving average is $216.63.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the firm earned $2.41 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.8%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Citigroup initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a "peer perform" rating on the stock. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Marsh & McLennan Companies in a research report on Saturday, September 27th. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $238.76.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company's stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Company Profile

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.

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