Mawer Investment Management Ltd. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,631,531 shares of the financial services provider’s stock after buying an additional 9,595 shares during the period. Marsh & McLennan Companies makes up about 1.9% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 18th largest position. Mawer Investment Management Ltd. owned 0.51% of Marsh & McLennan Companies worth $205,154,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of MMC. Quadrature Capital Ltd bought a new stake in Marsh & McLennan Companies during the fourth quarter worth $2,625,000. Highbridge Capital Management LLC increased its stake in Marsh & McLennan Companies by 4.1% in the fourth quarter. Highbridge Capital Management LLC now owns 26,900 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 1,061 shares during the last quarter. Lau Associates LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $233,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Marsh & McLennan Companies by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 445,376 shares of the financial services provider’s stock worth $32,908,000 after buying an additional 13,599 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock worth $111,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.
Shares of Marsh & McLennan Companies, Inc. (MMC) traded down 0.045% during trading on Wednesday, reaching $77.405. 868,597 shares of the company traded hands. The stock has a market capitalization of $39.67 billion, a P/E ratio of 21.389 and a beta of 0.98. The firm’s 50 day moving average is $78.75 and its 200-day moving average is $74.76. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $81.00.
Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, July 7th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s dividend payout ratio is currently 41.44%.
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A number of analysts have weighed in on the company. BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $87.00 target price (up from $80.00) on shares of Marsh & McLennan Companies in a research note on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Buy” and a consensus price target of $81.56.
In other news, SVP Laurie Ledford sold 184,305 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $74.03, for a total value of $13,644,099.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.46% of the company’s stock.
About Marsh & McLennan Companies
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 risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.
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