Mercer Global Advisors Inc. ADV Invests $359,000 in Marsh & McLennan Companies, Inc. (MMC)

Share on StockTwits

Mercer Global Advisors Inc. ADV acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,504 shares of the financial services provider’s stock, valued at approximately $359,000.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Marsh & McLennan Companies by 7.0% in the 4th quarter. BlackRock Inc. now owns 42,432,232 shares of the financial services provider’s stock worth $3,383,971,000 after acquiring an additional 2,758,761 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Marsh & McLennan Companies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 36,874,092 shares of the financial services provider’s stock worth $3,050,224,000 after acquiring an additional 218,725 shares in the last quarter. Vanguard Group Inc raised its position in shares of Marsh & McLennan Companies by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock worth $3,050,224,000 after acquiring an additional 218,725 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Marsh & McLennan Companies by 7,364.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,053,539 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 8,932,244 shares in the last quarter. Finally, FMR LLC raised its position in shares of Marsh & McLennan Companies by 7.0% in the 4th quarter. FMR LLC now owns 8,354,055 shares of the financial services provider’s stock worth $666,236,000 after acquiring an additional 544,951 shares in the last quarter. 87.05% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on MMC. Compass Point began coverage on Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 target price for the company. Wells Fargo & Co restated a “market perform” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Tuesday, March 19th. Goldman Sachs Group began coverage on Marsh & McLennan Companies in a research note on Monday, April 8th. They issued a “neutral” rating and a $98.00 target price for the company. Finally, Citigroup set a $99.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $93.60.

Shares of MMC opened at $93.72 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $47.34 billion, a PE ratio of 21.54, a PEG ratio of 1.71 and a beta of 0.88. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $95.82.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.06. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.77%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 38.16%.

In other Marsh & McLennan Companies news, insider Scott Mcdonald sold 5,521 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $92.82, for a total transaction of $512,459.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 6,519 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.63, for a total value of $603,854.97. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $3,119,593.14. The disclosure for this sale can be found here. Insiders have sold a total of 223,725 shares of company stock valued at $20,508,280 in the last quarter. Company insiders own 1.16% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Mercer Global Advisors Inc. ADV Invests $359,000 in Marsh & McLennan Companies, Inc. (MMC)” was published by Zolmax and is owned by of Zolmax. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://zolmax.com/investing/mercer-global-advisors-inc-adv-invests-359000-in-marsh-mclennan-companies-inc-mmc/3051907.html.

Marsh & McLennan Companies Company Profile

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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Read More: What is a portfolio manager?

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:MMC).

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

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.



Latest News

Tritax Big Box REIT PLC  Declares Dividend of GBX 1.71
Tritax Big Box REIT PLC Declares Dividend of GBX 1.71
1World  Price Down 29% This Week
1World Price Down 29% This Week
Analysts Expect Gladstone Commercial Co.  Will Post Quarterly Sales of $28.55 Million
Analysts Expect Gladstone Commercial Co. Will Post Quarterly Sales of $28.55 Million
Nexium  24 Hour Volume Tops $2.00
Nexium 24 Hour Volume Tops $2.00
Lululemon Athletica inc.  Receives $191.15 Average PT from Brokerages
Lululemon Athletica inc. Receives $191.15 Average PT from Brokerages
Tronox Ltd  Receives Average Rating of “Hold” from Brokerages
Tronox Ltd Receives Average Rating of “Hold” from Brokerages


 
© 2006-2019 Zolmax.