111 Capital Acquires Shares of 3,406 Marsh & McLennan Companies, Inc. $MMC

111 Capital acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,406 shares of the financial services provider’s stock, valued at approximately $745,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 buying an additional 581,930 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 purchasing an additional 4,505,548 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Marsh & McLennan Companies by 8.5% during the 1st 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 purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $1,038,594,000. Finally, Charles Schwab Investment Management Inc. increased 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 purchasing an additional 65,778 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.8%

Marsh & McLennan Companies stock opened at $201.25 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The firm has a market capitalization of $98.94 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.53 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. The firm has a 50 day simple moving average of $202.96 and a 200 day simple moving average of $216.63.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the firm earned $2.41 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued 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 dividend payout ratio (DPR) is presently 43.17%.

Insider Buying and Selling

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 shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Saturday, September 27th. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Morgan Stanley reduced their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Finally, Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $238.76.

Marsh & McLennan Companies Company 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.