Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,368 shares of the financial services provider’s stock after selling 7,241 shares during the period. Guggenheim Capital LLC’s holdings in Marsh & McLennan Companies were worth $28,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $25,000. Herold Advisors Inc. purchased a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $26,000. Hanson & Doremus Investment Management raised its stake in shares of Marsh & McLennan Companies by 52.8% during the first quarter. Hanson & Doremus Investment Management now owns 249 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Core Alternative Capital raised its stake in shares of Marsh & McLennan Companies by 720.0% during the first quarter. Core Alternative Capital now owns 287 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 252 shares during the period. Finally, Mascoma Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 60.9% during the first quarter. Mascoma Wealth Management LLC now owns 296 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 112 shares during the period. 87.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MMC shares. Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies to $185.00 in a research note on Friday, July 22nd. Morgan Stanley lowered shares of Marsh & McLennan Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $163.00 to $145.00 in a research note on Friday, June 3rd. Jefferies Financial Group dropped their price target on shares of Marsh & McLennan Companies from $198.00 to $181.00 and set a “buy” rating for the company in a research note on Tuesday, July 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.60.

Marsh & McLennan Companies Stock Up 0.4 %

MMC stock opened at $167.39 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 1.16. Marsh & McLennan Companies, Inc. has a 1-year low of $142.80 and a 1-year high of $183.14. The firm has a fifty day moving average price of $162.22 and a two-hundred day moving average price of $160.66. The firm has a market cap of $84.02 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 2.98 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The firm had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts predict that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Thursday, July 28th were issued a dividend of $0.59 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $2.36 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 35.60%.

Marsh & McLennan Companies Profile

(Get Rating)

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.

Further Reading

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

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