Los Angeles Capital Management LLC Has $83.08 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Los Angeles Capital Management LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,457 shares of the financial services provider's stock after selling 49,563 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Marsh & McLennan Companies worth $83,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Alliance LLC boosted its holdings in shares of Marsh & McLennan Companies by 5.0% during the 1st quarter. Wealth Alliance LLC now owns 8,648 shares of the financial services provider's stock worth $2,110,000 after buying an additional 410 shares during the period. IFP Advisors Inc boosted its holdings in shares of Marsh & McLennan Companies by 0.6% during the 1st 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. OneAscent Financial Services LLC boosted its holdings in shares of Marsh & McLennan Companies by 44.2% during the 1st quarter. OneAscent Financial Services LLC now owns 3,164 shares of the financial services provider's stock worth $772,000 after buying an additional 970 shares during the period. OneAscent Family Office LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $492,000. Finally, Kestra Private Wealth Services LLC raised its stake in Marsh & McLennan Companies by 7.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 11,839 shares of the financial services provider's stock worth $2,889,000 after purchasing an additional 840 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MMC shares. Wells Fargo & Company decreased their price target 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. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. 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 dropped their target price on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 9th. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $240.29.

Marsh & McLennan Companies Trading Up 0.7%

MMC stock opened at $212.47 on Friday. The company has a market capitalization of $104.69 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The company's 50 day moving average price is $221.16 and its two-hundred day moving average price is $224.72. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.14 and a current ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $6.97 billion for 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%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be given a $0.90 dividend. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a yield of 1.69%. Marsh & McLennan Companies's payout ratio is 39.95%.

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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