Oak Ridge Investments LLC Purchases 1,801 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Oak Ridge Investments LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9%, acquiring an additional 1,801 shares, bringing their total holdings to 32,450 shares valued at approximately $7.92 million.
• The company reported a 12.1% year-over-year revenue increase of $6.97 billion and earnings per share of $2.72, exceeding analysts' expectations of $2.66.
• A quarterly dividend of $0.90 per share was announced, showing an increase from the previous dividend of $0.82, with a yield of 1.7%.

Oak Ridge Investments LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,450 shares of the financial services provider's stock after acquiring an additional 1,801 shares during the period. Oak Ridge Investments LLC's holdings in Marsh & McLennan Companies were worth $7,919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMC. OneAscent Investment Solutions LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at about $300,000. Vestmark Advisory Solutions Inc. grew its holdings in Marsh & McLennan Companies by 113.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 25,068 shares of the financial services provider's stock valued at $6,117,000 after buying an additional 13,327 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Marsh & McLennan Companies by 19.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 183,731 shares of the financial services provider's stock valued at $44,836,000 after buying an additional 29,800 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock valued at $308,000 after buying an additional 47 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Marsh & McLennan Companies by 2.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,090 shares of the financial services provider's stock valued at $10,759,000 after buying an additional 1,099 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $209.38 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.27 and a fifty-two week high of $248.00. The stock has a 50 day moving average price of $212.03 and a two-hundred day moving average price of $223.54. The company has a market capitalization of $102.94 billion, a P/E ratio of 25.11, a PEG ratio of 2.55 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share 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 during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business's revenue was up 12.1% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be given a $0.90 dividend. The ex-dividend date is Thursday, July 24th. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.7%. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MMC shares. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. UBS Group cut their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a report on Monday, July 21st. Citigroup assumed coverage on Marsh & McLennan Companies in a report on Wednesday. They set a "neutral" rating and a $226.00 price objective for the company. Barclays cut their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Finally, Wells Fargo & Company cut their price objective on 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $239.94.

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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