Marsh & McLennan Companies, Inc. $MMC is Teewinot Capital Advisers L.L.C.'s 8th Largest Position

Key Points

• Teewinot Capital Advisers raised its stake in Marsh & McLennan Companies by 21.9%, now holding 240,084 shares worth approximately $58.6 million.
• Marsh & McLennan reported a quarterly EPS of $2.72, surpassing estimates, with revenue up 12.1% year-over-year at $6.97 billion.
• The company announced a dividend increase to $0.90 per share, reflecting a 1.8% dividend yield with a payout ratio of 43.17%.

Teewinot Capital Advisers L.L.C. raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240,084 shares of the financial services provider's stock after buying an additional 43,110 shares during the quarter. Marsh & McLennan Companies comprises approximately 6.0% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 8th biggest position. Teewinot Capital Advisers L.L.C.'s holdings in Marsh & McLennan Companies were worth $58,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd lifted its position in Marsh & McLennan Companies by 3.4% during the first quarter. UniSuper Management Pty Ltd now owns 32,891 shares of the financial services provider's stock valued at $8,026,000 after buying an additional 1,091 shares during the period. Plancorp LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $234,000. Nissay Asset Management Corp Japan ADV raised its position in shares of Marsh & McLennan Companies by 1.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 61,723 shares of the financial services provider's stock worth $15,062,000 after purchasing an additional 674 shares during the last quarter. National Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $558,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Marsh & McLennan Companies by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,851 shares of the financial services provider's stock worth $20,217,000 after purchasing an additional 9,882 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MMC. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Citigroup began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Barclays decreased their target price 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. Finally, UBS Group decreased their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $238.76.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $3.21 during midday trading on Wednesday, hitting $198.67. 2,529,194 shares of the company's stock traded hands, compared to its average volume of 2,252,060. Marsh & McLennan Companies, Inc. has a 1 year low of $196.27 and a 1 year high of $248.00. The firm has a fifty day moving average of $207.50 and a 200 day moving average of $221.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $97.67 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.56 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data 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. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $3.60 annualized dividend and a yield of 1.8%. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's payout ratio is currently 43.17%.

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.