DF Dent & Co. Inc. purchased a new stake in Marsh & McLennan Companies (NYSE:MMC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,963 shares of the financial services provider’s stock, valued at approximately $323,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $102,000. Invictus RG acquired a new position in Marsh & McLennan Companies in the third quarter valued at $106,000. Legacy Advisors LLC boosted its holdings in Marsh & McLennan Companies by 1,558.8% in the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 1,247 shares during the last quarter. Virtue Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $113,000. Finally, San Francisco Sentry Investment Group CA lifted its stake in shares of Marsh & McLennan Companies by 5,086.2% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,475 shares in the last quarter. 85.76% of the stock is owned by hedge funds and other institutional investors.
NYSE:MMC traded up $0.80 during mid-day trading on Thursday, hitting $81.99. The company’s stock had a trading volume of 1,014,379 shares, compared to its average volume of 2,112,553. Marsh & McLennan Companies has a fifty-two week low of $71.79 and a fifty-two week high of $86.54. The company has a quick ratio of 1.31, a current ratio of 1.30 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $41,477.74, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.57 billion. Marsh & McLennan Companies had a net margin of 10.64% and a return on equity of 28.80%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 earnings per share. research analysts expect that Marsh & McLennan Companies will post 4.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, April 10th will be paid a $0.375 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.83%. Marsh & McLennan Companies’s payout ratio is presently 38.27%.
In related news, insider Daniel S. Glaser sold 41,504 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $81.88, for a total value of $3,398,347.52. Following the sale, the insider now directly owns 278,792 shares of the company’s stock, valued at approximately $22,827,488.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julio A. Portalatin sold 10,911 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $81.87, for a total transaction of $893,283.57. Following the completion of the sale, the chief executive officer now directly owns 59,083 shares in the company, valued at $4,837,125.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,855 shares of company stock worth $12,395,268. Insiders own 1.16% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Barclays boosted their price objective on Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Citigroup reduced their price objective on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, Wells Fargo restated a “buy” rating and issued a $91.00 target price on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $90.00.
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Marsh & McLennan Companies Company Profile
Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.
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