Marsh & McLennan Companies, Inc. (NYSE:MMC) Sees Significant Growth in Short Interest

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Marsh & McLennan Companies, Inc. (NYSE:MMC) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,328,800 shares, an increase of 6.1% from the May 30th total of 5,021,300 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 2.9 days.

NYSE:MMC opened at $102.59 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $99.19. The stock has a market cap of $52.57 billion, a PE ratio of 23.58, a P/E/G ratio of 1.84 and a beta of 0.78. Marsh & McLennan Companies has a 1-year low of $74.30 and a 1-year high of $103.36.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 EPS. On average, analysts predict that Marsh & McLennan Companies will post 4.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a $0.455 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Wednesday, July 10th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.84%.

MMC has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 150 ($1.96) price target on shares of in a research report on Monday, June 17th. UBS Group upped their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a research report on Friday, April 5th. Keefe, Bruyette & Woods cut shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $100.00 to $99.00 in a research report on Wednesday, June 12th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $393.00 price target on shares of Boeing in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.33.

A number of large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $330,042,000. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 27.9% during the first quarter. FMR LLC now owns 10,681,542 shares of the financial services provider’s stock worth $1,002,997,000 after purchasing an additional 2,327,487 shares during the last quarter. BlackRock Inc. lifted its position in shares of Marsh & McLennan Companies by 2.3% during the first quarter. BlackRock Inc. now owns 43,396,454 shares of the financial services provider’s stock worth $4,074,926,000 after purchasing an additional 964,222 shares during the last quarter. Scout Investments Inc. bought a new position in shares of Marsh & McLennan Companies during the second quarter worth about $93,139,000. Finally, California Public Employees Retirement System lifted its position in shares of Marsh & McLennan Companies by 20.6% during the first quarter. California Public Employees Retirement System now owns 3,219,326 shares of the financial services provider’s stock worth $302,295,000 after purchasing an additional 549,470 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

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.

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