7,254 Shares in Marsh & McLennan Companies, Inc. $MMC Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC invested approximately $1.77 million in Marsh & McLennan Companies, acquiring 7,254 shares, reflecting growing institutional interest in the company.
• Marsh & McLennan recently reported strong quarterly earnings of $2.72 per share, surpassing estimates and showing a 12.1% increase in revenue year-over-year.
• The company announced an increase in its quarterly dividend from $0.82 to $0.90, highlighting a solid dividend payout ratio of 43.17%.

Campbell & CO Investment Adviser LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,254 shares of the financial services provider's stock, valued at approximately $1,770,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $28,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $37,000. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $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 worth $41,000 after purchasing an additional 64 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MMC has been the topic of several analyst reports. Barclays reduced their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $238.76.

Marsh & McLennan Companies Stock Down 0.4%

Shares of NYSE MMC traded down $0.73 during trading on Friday, hitting $205.71. 2,404,938 shares of the company traded hands, compared to its average volume of 2,103,727. The business's fifty day moving average is $209.38 and its 200 day moving average is $222.18. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.27 and a fifty-two week high of $248.00. The firm has a market capitalization of $101.13 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.58 and a beta of 0.81. 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 announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

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

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.