Andina Capital Management LLC Purchases New Stake in Marsh & McLennan Companies, Inc. $MMC

Key Points

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Andina Capital Management LLC purchased 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,025 shares of the financial services provider's stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after purchasing an additional 581,930 shares in the last quarter. Wellington Management Group LLP increased its position in Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Marsh & McLennan Companies by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock worth $2,156,179,000 after purchasing an additional 96,750 shares in the last quarter. Northern Trust Corp increased its holdings in Marsh & McLennan Companies by 14.0% in the 4th 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Marsh & McLennan Companies by 13.2% in the 4th 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 in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.3%

Shares of Marsh & McLennan Companies stock traded down $0.7270 on Friday, hitting $210.3830. 1,467,076 shares of the company's stock traded hands, compared to its average volume of 2,517,538. The stock has a market cap of $103.43 billion, a P/E ratio of 25.23, a PEG ratio of 2.63 and a beta of 0.77. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm's 50-day moving average is $210.28 and its 200 day moving average is $223.00. Marsh & McLennan Companies, Inc. has a 52-week low of $196.27 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business posted $2.41 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current 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 given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is currently 43.17%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group lowered their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a report on Monday, July 21st. Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective for the company. Citigroup began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Finally, Barclays lowered their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average target price of $238.76.

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.