Cadinha & Co. LLC Takes Position in Marsh & McLennan Companies, Inc. $MMC

Key Points

• Cadinha & Co. LLC has acquired 82,727 shares of Marsh & McLennan Companies, Inc. valued at approximately $18.1 million, making it the firm's 15th largest holding.
• Marsh & McLennan reported $1.85 earnings per share for the last quarter, beating analyst expectations, with a year-over-year revenue growth of 11.5%.
• The company declared a quarterly dividend of $0.90 per share, which is set to be paid on November 14th, resulting in an annualized dividend yield of 1.9%.

Cadinha & Co. LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 82,727 shares of the financial services provider's stock, valued at approximately $18,087,000. Marsh & McLennan Companies makes up 3.0% of Cadinha & Co. LLC's investment portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its position in shares of Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider's stock valued at $306,000 after buying an additional 44 shares during the last quarter. IFP Advisors Inc grew its stake in Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock worth $1,825,000 after acquiring an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Marsh & McLennan Companies by 1.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider's stock valued at $1,102,000 after acquiring an additional 47 shares during the last quarter. E Fund Management Co. Ltd. lifted its stake in shares of Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock worth $308,000 after purchasing an additional 47 shares during the period. Finally, McAdam LLC grew its position in shares of Marsh & McLennan Companies by 1.2% in the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider's stock valued at $963,000 after purchasing an additional 47 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $189.06 on Thursday. The firm has a market capitalization of $92.62 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a one year low of $185.12 and a one year high of $248.00. The stock's 50 day moving average price is $201.96 and its 200 day moving average price is $213.18. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MMC shares. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price target on the stock. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an "equal weight" rating on the stock in a research report on Friday, October 17th. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and an average target price of $234.07.

Insiders Place Their Bets

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 shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares of the company's stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

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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