AG2R LA Mondiale Gestion D Actifs Invests $4.25 Million in Marsh & McLennan Companies, Inc. $MMC

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $4.25 million in Marsh & McLennan Companies, acquiring 18,208 shares during the 1st quarter.
• Marsh & McLennan reported a quarterly earnings per share (EPS) of $2.72, exceeding analyst expectations, with a year-over-year revenue increase of 12.1%.
• The company announced an increase in its quarterly dividend to $0.90, representing a potential annual yield of 1.8%.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 18,208 shares of the financial services provider's stock, valued at approximately $4,254,000.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at about $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $28,000. Activest Wealth Management grew its stake in Marsh & McLennan Companies by 2,775.0% during the 1st 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 in the last quarter. Ameriflex Group Inc. acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $37,000. Finally, City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $37,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 2.2%

MMC opened at $203.19 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $196.27 and a one year high of $248.00. 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 stock's fifty day moving average is $207.04 and its 200-day moving average is $220.64. The company has a market capitalization of $99.89 billion, a PE ratio of 24.36, a P/E/G ratio of 2.50 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 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 for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group decreased their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Morgan Stanley cut their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Finally, Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $238.76.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies 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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