Algert Global LLC Has $4.39 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Key Points

• Algert Global LLC increased its stake in Marsh & McLennan Companies by 21.2% during the first quarter, holding nearly 18,000 shares valued at approximately $4.39 million.
• Marsh & McLennan recently announced a dividend increase from $0.82 to $0.90 per share, resulting in a 1.7% dividend yield.
• The company reported $2.72 EPS for the latest quarter, exceeding estimates, with a 12.1% revenue growth year-over-year amounting to $6.97 billion.

Algert Global LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 21.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,992 shares of the financial services provider's stock after buying an additional 3,148 shares during the period. Algert Global LLC's holdings in Marsh & McLennan Companies were worth $4,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Marsh & McLennan Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after buying an additional 581,930 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Marsh & McLennan Companies by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after purchasing an additional 96,750 shares during the last quarter. Northern Trust Corp grew its holdings in Marsh & McLennan Companies by 14.0% during the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after purchasing an additional 726,713 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Marsh & McLennan Companies by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider's stock valued at $1,108,459,000 after purchasing an additional 609,602 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Marsh & McLennan Companies by 7.2% during the fourth quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider's stock valued at $973,214,000 after purchasing an additional 308,759 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MMC. Morgan Stanley lowered 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. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target on the stock. Wells Fargo & Company lowered 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 reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, July 21st. Finally, Citigroup began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $238.76.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded down $0.7270 during midday trading on Friday, reaching $210.3830. 1,467,076 shares of the company traded hands, compared to its average volume of 2,517,538. The firm has a market cap of $103.43 billion, a PE ratio of 25.23, a PEG ratio of 2.63 and a beta of 0.77. The stock's 50-day simple moving average is $210.28 and its 200-day simple moving average is $222.98. Marsh & McLennan Companies, Inc. has a 12 month low of $196.27 and a 12 month 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.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is 43.17%.

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.