MGO One Seven LLC Has $831,000 Stake in Marsh & McLennan Companies, Inc. $MMC

Key Points

• MGO One Seven LLC reduced its stake in Marsh & McLennan Companies by 28.3%, holding 3,801 shares worth $831,000 after selling 1,501 shares in the second quarter.
• The company reported $1.85 earnings per share for the latest quarter, exceeding the consensus estimate, with a revenue increase of 11.5% year-over-year.
• Marsh & McLennan declared a quarterly dividend of $0.90, representing an annualized dividend yield of 1.9%, with the next payment scheduled for November 14th.

MGO One Seven LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 28.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,801 shares of the financial services provider's stock after selling 1,501 shares during the quarter. MGO One Seven LLC's holdings in Marsh & McLennan Companies were worth $831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. Wellington Management Group LLP increased its position in shares of Marsh & McLennan Companies by 54.2% in the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $1,038,594,000. Valeo Financial Advisors LLC increased its position in shares of Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider's stock valued at $574,845,000 after acquiring an additional 2,623,745 shares during the last quarter. Ninety One UK Ltd increased its position in shares of Marsh & McLennan Companies by 153.6% in the first quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider's stock valued at $578,517,000 after acquiring an additional 1,436,044 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Marsh & McLennan Companies by 5,035.9% during the second quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider's stock worth $176,836,000 after buying an additional 793,052 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 8.3%

Shares of NYSE:MMC opened at $186.86 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $185.12 and a 12-month high of $248.00. The stock has a market cap of $91.86 billion, a PE ratio of 22.41, a P/E/G ratio of 2.57 and a beta of 0.81. The business has a 50 day moving average of $203.22 and a 200-day moving average of $214.58. 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 quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio is 43.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MMC. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $248.00 to $242.00 in a research report on Thursday, October 9th. Citigroup began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, July 21st. Finally, Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $237.13.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.

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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