R Squared Ltd Purchases Shares of 5,635 Marsh & McLennan Companies, Inc. $MMC

Key Points

• R Squared Ltd has acquired 5,635 shares of Marsh & McLennan Companies, Inc., valued at approximately $1,232,000, marking it as the firm's 29th largest position.
• Institutional investors hold 87.99% of Marsh & McLennan's stock, with several prominent firms, including Vanguard Group and Goldman Sachs, increasing their stakes significantly during the first quarter.
• Marsh & McLennan Companies reported earnings of $1.85 per share for the latest quarter, exceeding analysts' expectations, along with a notable year-over-year revenue growth of 11.5%.

R Squared Ltd acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,635 shares of the financial services provider's stock, valued at approximately $1,232,000. Marsh & McLennan Companies accounts for 0.7% of R Squared Ltd's portfolio, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMC. Vanguard Group Inc. boosted its position in shares of Marsh & McLennan Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after buying an additional 581,930 shares during the period. Wellington Management Group LLP raised its holdings 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 purchasing an additional 4,505,548 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Marsh & McLennan Companies by 8.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider's stock worth $1,060,362,000 after purchasing an additional 340,907 shares during the last quarter. Nuveen LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter worth about $1,038,594,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Marsh & McLennan Companies by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider's stock worth $697,471,000 after buying an additional 65,778 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $188.04 on Friday. The stock has a 50 day simple moving average of $201.58 and a 200 day simple moving average of $212.93. The stock has a market cap of $92.12 billion, a P/E ratio of 22.55, a PEG ratio of 2.37 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $185.12 and a 1-year high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.34 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. Marsh & McLennan Companies's quarterly revenue was up 11.5% on a year-over-year basis. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Activity

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was 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 $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MMC shares. 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 target for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Marsh & McLennan Companies in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an "underperform" rating to a "market perform" rating and cut their price target for the company from $209.00 to $191.00 in a research note on Friday, October 17th. Wells Fargo & Company lowered their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an "equal weight" rating on the stock in a research note on Friday, October 17th. Finally, Wolfe Research began coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a "peer perform" rating for the company. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $234.07.

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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