Wealthfront Advisers LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,852 shares of the financial services provider’s stock after acquiring an additional 1,014 shares during the period. Wealthfront Advisers LLC’s holdings in Marsh & McLennan Companies were worth $2,435,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in Marsh & McLennan Companies by 6.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 57,435 shares of the financial services provider’s stock valued at $6,399,000 after acquiring an additional 3,267 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in Marsh & McLennan Companies by 2.2% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 45,402 shares of the financial services provider’s stock valued at $5,058,000 after acquiring an additional 967 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Marsh & McLennan Companies by 144.3% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 16,241 shares of the financial services provider’s stock valued at $1,816,000 after acquiring an additional 9,593 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Marsh & McLennan Companies by 3.0% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,112 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 120 shares in the last quarter. Finally, Manchester Financial Inc. bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $74,000. 87.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MMC stock opened at $113.96 on Wednesday. Marsh & McLennan Companies, Inc. has a 1 year low of $82.10 and a 1 year high of $114.56. The stock has a market cap of $57.61 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.83 and a beta of 0.76. The business’s fifty day moving average is $111.26 and its 200-day moving average is $103.43. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.14 and a current ratio of 1.14.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Marsh & McLennan Companies had a return on equity of 29.40% and a net margin of 9.34%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 4.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 28th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.84%.
Marsh & McLennan Companies declared that its Board of Directors has initiated a share buyback program on Thursday, November 21st that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
Several analysts have weighed in on MMC shares. Raymond James raised Marsh & McLennan Companies from an “underperform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Monday, November 18th. Wells Fargo & Co reiterated a “hold” rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research report on Tuesday, October 29th. Finally, Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Tuesday. They set a “buy” rating and a $130.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $106.00.
In other news, SVP Laurie Ledford sold 4,305 shares of Marsh & McLennan Companies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $108.18, for a total transaction of $465,714.90. 1.16% of the stock is currently owned by company insiders.
Marsh & McLennan Companies Company Profile
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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