Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Marsh & McLennan Companies by 35.9%, owning 149,864 shares worth approximately $32.8 million as of the latest SEC filing.
• The company reported $6.97 billion in revenue for the last quarter and an EPS of $2.72, surpassing estimates and showing a 12.1% revenue growth year-over-year.
• Marsh & McLennan will pay a quarterly dividend of $0.90 per share on November 14th, representing an annual yield of 1.8%.

Janney Montgomery Scott LLC lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 35.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,864 shares of the financial services provider's stock after acquiring an additional 39,549 shares during the period. Janney Montgomery Scott LLC's holdings in Marsh & McLennan Companies were worth $32,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $25,000. Knuff & Co LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $28,000. Activest Wealth Management boosted its stake in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after buying an additional 111 shares during the last quarter. City Holding Co. acquired a new position in Marsh & McLennan Companies during the first quarter worth $37,000. Finally, Capital Analysts LLC boosted its stake in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock worth $41,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $201.41 on Thursday. 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 market capitalization of $99.02 billion, a PE ratio of 24.15, a P/E/G ratio of 2.53 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 12-month low of $195.01 and a 12-month high of $248.00. The business's fifty day moving average price is $203.32 and its 200 day moving average price is $217.18.

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, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MMC shares. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Barclays decreased their price target on 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. Wells Fargo & Company decreased their price target on 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. Citigroup initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price target on the stock. Finally, UBS Group cut their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $238.76.

Insiders Place Their Bets

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

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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