90,232 Shares in Marsh & McLennan Companies, Inc. $MMC Acquired by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd acquired 90,232 shares of Marsh & McLennan Companies, Inc., valued at approximately $22 million, making it the 13th largest holding in their portfolio.
• Marsh & McLennan Companies reported a 12.1% year-over-year increase in revenue with earnings per share of $2.72, exceeding analysts' estimates.
• Investors received a quarterly dividend of $0.90 per share, reflecting a 8.9% increase from the previous dividend and a yield of 1.8%.

Vancity Investment Management Ltd acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 90,232 shares of the financial services provider's stock, valued at approximately $22,019,000. Marsh & McLennan Companies makes up 3.0% of Vancity Investment Management Ltd's holdings, making the stock its 13th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at $25,000. Knuff & Co LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at $28,000. Activest Wealth Management raised its position in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 111 shares during the period. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $37,000. Finally, Capital Analysts LLC grew its stake in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 1.2%

Shares of NYSE MMC opened at $203.54 on Monday. The company has a market capitalization of $100.06 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.56 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50-day moving average of $208.13 and a two-hundred day moving average of $221.32. Marsh & McLennan Companies, Inc. has a 1 year low of $196.27 and a 1 year high of $248.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the business earned $2.41 EPS. Marsh & McLennan Companies's revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were issued a $0.90 dividend. The ex-dividend date was Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, July 21st. UBS Group dropped their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Morgan Stanley dropped their price objective on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Citigroup started coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $238.76.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

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.

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