Menu Close

Horizon Investments LLC Buys 211 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Horizon Investments LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 1.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,369 shares of the financial services provider’s stock after buying an additional 211 shares during the quarter. Horizon Investments LLC’s holdings in Marsh & McLennan Companies were worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Optas LLC grew its stake in shares of Marsh & McLennan Companies by 4.2% during the first quarter. Optas LLC now owns 1,467 shares of the financial services provider’s stock worth $250,000 after buying an additional 59 shares during the last quarter. Sfmg LLC grew its stake in shares of Marsh & McLennan Companies by 1.3% during the first quarter. Sfmg LLC now owns 4,890 shares of the financial services provider’s stock worth $833,000 after buying an additional 64 shares during the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 4.7% during the first quarter. Childress Capital Advisors LLC now owns 1,490 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 67 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in shares of Marsh & McLennan Companies by 8.0% during the first quarter. Prestige Wealth Management Group LLC now owns 921 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 68 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.4% during the first quarter. Personal CFO Solutions LLC now owns 3,251 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 75 shares during the period. Institutional investors own 87.76% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $166.76 on Friday. The firm’s 50-day moving average price is $162.22 and its 200-day moving average price is $160.60. Marsh & McLennan Companies, Inc. has a 1-year low of $142.80 and a 1-year high of $183.14. The firm has a market capitalization of $83.70 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.98 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last announced its quarterly earnings data 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. The firm had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.33 billion. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 6.8 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Thursday, July 28th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies’s payout ratio is presently 35.60%.

Wall Street Analyst Weigh In

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

Marsh & McLennan Companies Company 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

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating).

Receive News & Ratings for Marsh & McLennan Companies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Marsh & McLennan Companies and related companies with MarketBeat.com’s FREE daily email newsletter.