McAdam LLC Boosts Holdings in Marsh & McLennan Companies, Inc. $MMC

Key Points

• McAdam LLC significantly increased its holdings in Marsh & McLennan Companies by 113.4% in the second quarter, owning 8,424 shares valued at $1,842,000.
• Marsh & McLennan Companies reported a Q2 EPS of $2.72, exceeding expectations, with a revenue of $6.97 billion, reflecting a 12.1% year-over-year increase.
• The company's recent dividend announcement includes a quarterly payout of $0.90, translating to an annual yield of 1.8% and a payout ratio of 43.17%.

McAdam LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 113.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,424 shares of the financial services provider's stock after buying an additional 4,476 shares during the quarter. McAdam LLC's holdings in Marsh & McLennan Companies were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parisi Gray Wealth Management purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $947,000. Wealth Enhancement Advisory Services LLC raised its holdings in Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock worth $25,270,000 after purchasing an additional 52,218 shares in the last quarter. LPL Financial LLC lifted its position in Marsh & McLennan Companies by 9.9% during the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider's stock valued at $78,662,000 after buying an additional 29,247 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 101.4% during the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider's stock valued at $1,741,000 after buying an additional 3,593 shares in the last quarter. Finally, US Asset Management LLC grew its position in shares of Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider's stock worth $1,671,000 after buying an additional 1,284 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $199.66 on Thursday. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The company has a market capitalization of $98.16 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.48 and a beta of 0.81. The firm has a 50 day moving average of $204.38 and a 200 day moving average of $218.28. 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 issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS 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 the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.41 EPS. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

MMC has been the topic of several research reports. Wolfe Research began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a "peer perform" rating on the stock. Keefe, Bruyette & Woods lowered their target price 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. Wells Fargo & Company cut 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 assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price objective for the company. Finally, Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average price target of $238.76.

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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