Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Lifted by Douglas Lane & Associates LLC
Douglas Lane & Associates LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,196 shares of the financial services provider’s stock after purchasing an additional 964 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Marsh & McLennan Companies were worth $962,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MMC. BlackRock Inc. increased its stake in shares of Marsh & McLennan Companies by 7.4% during the fourth quarter. BlackRock Inc. now owns 43,136,914 shares of the financial services provider’s stock valued at $7,498,062,000 after acquiring an additional 2,986,547 shares during the period. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $350,304,000. Capital Research Global Investors boosted its stake in Marsh & McLennan Companies by 331.5% during the first quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock valued at $311,962,000 after buying an additional 1,406,293 shares in the last quarter. Viking Global Investors LP grew its holdings in Marsh & McLennan Companies by 78.4% during the first quarter. Viking Global Investors LP now owns 2,250,643 shares of the financial services provider’s stock worth $383,555,000 after acquiring an additional 989,073 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Marsh & McLennan Companies by 25.3% in the 4th quarter. Deutsche Bank AG now owns 4,004,519 shares of the financial services provider’s stock valued at $696,065,000 after acquiring an additional 807,944 shares during the last quarter. Institutional investors own 87.76% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have issued reports on MMC shares. The Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price target on the stock. Wells Fargo & Company upped their target price on Marsh & McLennan Companies to $185.00 in a report on Friday, July 22nd. Jefferies Financial Group dropped their price target on Marsh & McLennan Companies from $198.00 to $181.00 and set a “buy” rating on the stock in a research note on Tuesday, July 12th. Finally, Morgan Stanley lowered shares of Marsh & McLennan Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $163.00 to $145.00 in a research note on Friday, June 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $177.60.
Marsh & McLennan Companies Stock Up 0.1 %
MMC stock opened at $151.38 on Monday. The company has a 50 day moving average of $162.74 and a two-hundred day moving average of $160.89. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $142.80 and a 12-month high of $183.14. The company has a market cap of $75.98 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.71 and a beta of 0.90.
Marsh & McLennan Companies (NYSE:MMC – Get Rating) last issued its earnings results on Thursday, July 21st. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a return on equity of 31.24% and a net margin of 16.36%. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 6.8 earnings per share for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, October 6th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 35.60%.
Marsh & McLennan Companies Profile
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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 and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
- Get a free copy of the StockNews.com research report on Marsh & McLennan Companies (MMC)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster’s Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street’s Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23