Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its stake in Marsh & McLennan Companies by 14.8%, holding 12,793 shares worth approximately $2.8 million at the close of the last quarter.
• The company reported a quarterly earnings per share (EPS) of $2.72, exceeding expectations and showing a 12.1% year-over-year revenue growth.
• Marsh & McLennan has announced a quarterly dividend of $0.90 per share, offering investors a 1.8% dividend yield.

Concurrent Investment Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,793 shares of the financial services provider's stock after purchasing an additional 1,651 shares during the period. Concurrent Investment Advisors LLC's holdings in Marsh & McLennan Companies were worth $2,797,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Knuff & Co LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. Activest Wealth Management increased its stake in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock valued at $28,000 after buying an additional 111 shares during the period. Capital Analysts LLC increased its stake in Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after buying an additional 64 shares during the period. Finally, Garde Capital Inc. acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $205.03 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $203.41 and a 200 day simple moving average of $215.11. The company has a market cap of $100.80 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.60 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio is currently 43.17%.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the company's 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MMC shares. UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 8th. Seven research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $237.13.

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.

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