Jump Financial LLC Has $7.94 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Key Points

• Jump Financial LLC reduced its stake in Marsh & McLennan Companies by 28.6%, owning 32,520 shares worth approximately $7.94 million after selling 13,045 shares.
• Marsh & McLennan Companies recently announced a quarterly dividend increase to $0.90 per share, up from $0.82, reflecting a positive earnings trend.
• Analysts have mixed ratings for Marsh & McLennan, with a consensus "Hold" rating and a price target ranging from $220.00 to $261.00, depending on the institution.

Jump Financial LLC reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 28.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 32,520 shares of the financial services provider's stock after selling 13,045 shares during the period. Jump Financial LLC's holdings in Marsh & McLennan Companies were worth $7,936,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MMC. Accent Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $37,000. Finally, Capital Analysts LLC raised its holdings 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 valued at $41,000 after purchasing an additional 64 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered 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 report on Monday, July 21st. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Wells Fargo & Company lowered 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 report on Friday, July 18th. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and a consensus target price of $238.76.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $0.03 during trading on Thursday, reaching $206.34. The company's stock had a trading volume of 2,190,301 shares, compared to its average volume of 2,256,908. The business's 50-day moving average price is $209.75 and its 200-day moving average price is $222.59. The firm has a market cap of $101.44 billion, a PE ratio of 24.74, a P/E/G ratio of 2.59 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a 52 week low of $196.27 and a 52 week high of $248.00. 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 (NYSE:MMC - Get Free Report) last announced its earnings results 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 net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.41 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis 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 payout ratio is presently 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.