King Luther Capital Management Corp Lowers Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

King Luther Capital Management Corp lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,242 shares of the financial services provider’s stock after selling 2,954 shares during the quarter. King Luther Capital Management Corp’s holdings in Marsh & McLennan Companies were worth $12,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Harbour Investments Inc. raised its stake in shares of Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 44 shares during the last quarter. Defined Wealth Management LLC increased its position in Marsh & McLennan Companies by 1.5% during the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 47 shares during the last quarter. IFP Advisors Inc increased its position in Marsh & McLennan Companies by 0.6% during the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after acquiring an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Marsh & McLennan Companies by 1.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 47 shares during the last quarter. Finally, Opus Capital Group LLC increased its position in Marsh & McLennan Companies by 2.6% during the first quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $203.70 on Monday. The firm has a market cap of $100.14 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $213.73 and a 200-day moving average price of $223.88. Marsh & McLennan Companies, Inc. has a twelve month low of $196.27 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.41 earnings per share. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be given a $0.90 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MMC shares. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Barclays cut their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Finally, UBS Group cut their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $239.79.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.