Y Intercept Hong Kong Ltd Raises Holdings in Marsh & McLennan Companies, Inc. $MMC

Y Intercept Hong Kong Ltd boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2,964.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,516 shares of the financial services provider’s stock after purchasing an additional 61,443 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Marsh & McLennan Companies were worth $13,887,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies during the 1st quarter worth about $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $28,000. Activest Wealth Management increased its holdings in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. Capital Analysts LLC increased its holdings 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 acquiring an additional 64 shares during the last quarter. Finally, Saudi Central Bank purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.8%

Marsh & McLennan Companies stock opened at $186.59 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $185.12 and a twelve month high of $248.00. The stock has a 50 day moving average of $201.17 and a two-hundred day moving average of $212.53. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $91.41 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.34 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company 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 31.79% and a net margin of 15.60%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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. Stockholders of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and dropped their price objective for the company from $209.00 to $191.00 in a report on Friday, October 17th. Citigroup started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective on the stock. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Barclays decreased their target price on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Finally, Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued 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 company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $234.07.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’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 of the company’s stock, valued at $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies 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.