EntryPoint Capital LLC Acquires Shares of 1,277 Marsh & McLennan Companies, Inc. $MMC

Key Points

• EntryPoint Capital LLC acquired 1,277 shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) valued at approximately $312,000 in the first quarter.
• Marsh & McLennan reported a 12.1% year-over-year revenue increase and earnings per share of $2.72, exceeding analysts' estimates.
• The company recently declared a quarterly dividend of $0.90 per share, marking an increase from the previous $0.82 dividend, with a current yield of 1.7%.

EntryPoint Capital LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,277 shares of the financial services provider's stock, valued at approximately $312,000.

Several other large investors have also recently modified their holdings of the stock. Harbour Investments Inc. lifted its stake in 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 worth $306,000 after purchasing an additional 44 shares during the last quarter. Defined Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after buying an additional 47 shares during the period. IFP Advisors Inc raised its holdings in shares of Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock worth $1,825,000 after buying an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Marsh & McLennan Companies by 1.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider's stock worth $1,102,000 after buying an additional 47 shares during the period. Finally, E Fund Management Co. Ltd. raised its holdings in shares of Marsh & McLennan Companies by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock worth $308,000 after buying an additional 47 shares during the period. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 0.3%

NYSE MMC traded down $0.7270 on Friday, reaching $210.3830. The stock had a trading volume of 1,467,076 shares, compared to its average volume of 2,476,257. The firm has a market capitalization of $103.43 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 2.64 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. Marsh & McLennan Companies, Inc. has a 12-month low of $196.27 and a 12-month high of $248.00. The stock has a fifty day moving average price of $210.28 and a two-hundred day moving average price of $222.98.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted 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 firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.Marsh & McLennan Companies's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.41 earnings per share. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS 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. Investors of record on Thursday, July 24th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.7%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is currently 43.17%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Morgan Stanley dropped their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Barclays lowered their price objective on 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. Keefe, Bruyette & Woods lowered 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 assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price objective for the company. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.