TBH Global Asset Management LLC Invests $766,000 in Marsh & McLennan Companies, Inc. $MMC

Key Points

• TBH Global Asset Management LLC invested approximately $766,000 in Marsh & McLennan Companies, acquiring 3,501 shares of the financial services provider during the 2nd quarter.
• Marsh & McLennan Companies reported quarterly earnings of $2.72 EPS, exceeding analysts' expectations of $2.66, alongside a revenue of $6.97 billion.
• The company announced a quarterly dividend of $0.90 per share, resulting in an annualized dividend yield of 1.8%, payable on November 14th.

TBH Global Asset Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,501 shares of the financial services provider's stock, valued at approximately $766,000.

A number of other institutional investors also recently modified their holdings of the stock. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth $25,000. Knuff & Co LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $28,000. Activest Wealth Management raised its stake in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after purchasing an additional 111 shares in the last quarter. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at about $37,000. Finally, Capital Analysts LLC grew its stake in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after buying an additional 64 shares in 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 $199.60 on Friday. The firm has a market capitalization of $98.13 billion, a PE ratio of 23.93, a PEG ratio of 2.51 and a beta of 0.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00. The firm's fifty day simple moving average is $203.86 and its 200 day simple moving average is $217.71.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.41 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the 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 of the company's stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MMC shares. Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price objective on the stock. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Citigroup initiated 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. Barclays cut their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Finally, Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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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