Credit Capital Investments LLC Acquires Shares of 1,300 Marsh & McLennan Companies, Inc. $MMC

Credit Capital Investments LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,300 shares of the financial services provider’s stock, valued at approximately $284,000. Marsh & McLennan Companies accounts for about 0.4% of Credit Capital Investments LLC’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Marsh & McLennan Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock valued at $11,059,792,000 after acquiring an additional 581,930 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after acquiring an additional 4,505,548 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Marsh & McLennan Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after acquiring an additional 196,475 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock valued at $1,060,362,000 after purchasing an additional 340,907 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at about $1,038,594,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MMC shares. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Barclays decreased their price target 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. UBS Group cut their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their target price for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Finally, Bank of America reiterated an “underperform” rating and set a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $228.63.

Marsh & McLennan Companies Stock Up 0.5%

MMC stock opened at $182.74 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The stock has a fifty day moving average of $194.02 and a 200-day moving average of $208.48. The company has a market capitalization of $89.53 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the 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 sale, the chief executive officer owned 87,681 shares in the company, valued at $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 SEC, which is available at this link. 0.35% of the stock is owned by 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.