MU Investments Co. Ltd. maintained its stake in shares of Marsh & McLennan Cos. (NYSE:MMC) during the second quarter, Holdings Channel reports. The institutional investor owned 73,000 shares of the company’s stock at the end of the second quarter. Marsh & McLennan Cos. accounts for 3.3% of MU Investments Co. Ltd.’s portfolio, making the stock its 6th largest position. MU Investments Co. Ltd.’s holdings in Marsh & McLennan Cos. were worth $4,874,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in MMC. Atlanta Capital Management Co. L L C raised its stake in shares of Marsh & McLennan Cos. by 239.4% in the first quarter. Atlanta Capital Management Co. L L C now owns 784,111 shares of the company’s stock valued at $47,666,000 after buying an additional 553,069 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Marsh & McLennan Cos. during the second quarter valued at approximately $37,874,000. Citizens Financial Group Inc RI raised its stake in shares of Marsh & McLennan Cos. by 1.2% in the first quarter. Citizens Financial Group Inc RI now owns 179,630 shares of the company’s stock valued at $10,920,000 after buying an additional 2,081 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Marsh & McLennan Cos. during the first quarter valued at approximately $209,000. Finally, Aviva PLC raised its stake in Marsh & McLennan Cos. by 0.6% in the first quarter. Aviva PLC now owns 267,661 shares of the company’s stock worth $16,271,000 after buying an additional 1,661 shares during the period. Institutional investors own 85.97% of the company’s stock.
Marsh & McLennan Cos. (NYSE:MMC) traded up 0.58% on Tuesday, reaching $67.40. The company’s stock had a trading volume of 2,364,670 shares. The firm has a market capitalization of $34.93 billion, a PE ratio of 21.53 and a beta of 0.98. The stock’s 50 day moving average is $67.21 and its 200-day moving average is $64.95. Marsh & McLennan Cos. has a 52 week low of $50.81 and a 52 week high of $68.69.
Marsh & McLennan Cos. (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Marsh & McLennan Cos. had a return on equity of 25.30% and a net margin of 12.54%. The company earned $3.40 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts predict that Marsh & McLennan Cos. will post $3.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 11th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.02%. Marsh & McLennan Cos.’s dividend payout ratio is currently 43.45%.
A number of research firms have recently issued reports on MMC. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Cos. from $69.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Zacks Investment Research lowered Marsh & McLennan Cos. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $74.00 target price (up previously from $73.00) on shares of Marsh & McLennan Cos. in a research note on Wednesday, August 3rd. Barclays PLC reiterated an “overweight” rating and issued a $71.00 target price on shares of Marsh & McLennan Cos. in a research note on Tuesday, June 21st. Finally, Credit Suisse Group AG set a $55.00 target price on Marsh & McLennan Cos. and gave the company a “hold” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $67.60.
In other Marsh & McLennan Cos. news, Chairman Alexander S. Moczarski sold 22,230 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $67.41, for a total value of $1,498,524.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.51% of the stock is owned by company insiders.
Marsh & McLennan Cos. Company Profile
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.
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