Darrell & King LLC Purchases New Position in Marsh & McLennan Companies (MMC)

Darrell & King LLC purchased a new position in shares of Marsh & McLennan Companies (NYSE:MMC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other large investors have also modified their holdings of MMC. Schwab Charles Investment Management Inc. boosted its stake in Marsh & McLennan Companies by 5.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,769,535 shares of the financial services provider’s stock worth $144,023,000 after purchasing an additional 85,346 shares during the period. SG Americas Securities LLC boosted its stake in Marsh & McLennan Companies by 183.8% during the 4th quarter. SG Americas Securities LLC now owns 97,079 shares of the financial services provider’s stock worth $7,901,000 after purchasing an additional 62,870 shares during the period. Hermes Investment Management Ltd. boosted its stake in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hermes Investment Management Ltd. now owns 12,758 shares of the financial services provider’s stock worth $1,038,000 after purchasing an additional 800 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $1,184,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Marsh & McLennan Companies by 15.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 764,265 shares of the financial services provider’s stock worth $62,203,000 after purchasing an additional 103,561 shares during the period. Hedge funds and other institutional investors own 85.16% of the company’s stock.

MMC stock opened at $81.44 on Friday. Marsh & McLennan Companies has a one year low of $75.10 and a one year high of $86.54. The firm has a market capitalization of $41.43 billion, a PE ratio of 20.78, a PEG ratio of 1.49 and a beta of 0.97. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 26th. The financial services provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.08. Marsh & McLennan Companies had a net margin of 11.11% and a return on equity of 29.38%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the business earned $1.08 EPS. The business’s revenue was up 14.2% on a year-over-year basis. research analysts expect that Marsh & McLennan Companies will post 4.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Wednesday, July 11th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, July 10th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.38. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.27%.

A number of analysts recently weighed in on MMC shares. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Tuesday, April 3rd. Barclays increased their price target on shares of Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Citigroup decreased their price target on shares of Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $91.00 price target on shares of Marsh & McLennan Companies in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.00.

In other news, CEO Julio A. Portalatin sold 10,911 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $81.87, for a total value of $893,283.57. Following the completion of the sale, the chief executive officer now owns 59,083 shares in the company, valued at approximately $4,837,125.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 22,528 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $83.59, for a total transaction of $1,883,115.52. Following the completion of the sale, the chief financial officer now owns 33,839 shares of the company’s stock, valued at approximately $2,828,602.01. The disclosure for this sale can be found here. Insiders sold a total of 139,437 shares of company stock valued at $11,426,337 in the last 90 days. Company insiders own 1.16% of the company’s stock.

About Marsh & McLennan Companies

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.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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