SCS Capital Management LLC Makes New $404,000 Investment in Marsh & McLennan Companies, Inc. $MMC

SCS Capital Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,657 shares of the financial services provider’s stock, valued at approximately $404,000.

Other institutional investors have also modified their holdings of the company. Parisi Gray Wealth Management acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $947,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock valued at $25,270,000 after buying an additional 52,218 shares during the period. LPL Financial LLC lifted its holdings in shares of Marsh & McLennan Companies by 9.9% in the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock valued at $78,662,000 after buying an additional 29,247 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 101.4% in the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock valued at $1,741,000 after buying an additional 3,593 shares during the period. Finally, US Asset Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 23.1% in the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock valued at $1,671,000 after buying an additional 1,284 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 2.2%

NYSE:MMC opened at $203.19 on Friday. The firm has a market capitalization of $99.89 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.50 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $196.27 and a 1-year high of $248.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The business’s fifty day moving average price is $207.04 and its 200 day moving average price is $220.64.

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

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, July 24th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price on the stock. Morgan Stanley cut their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Barclays cut their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Friday, July 18th. Finally, Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Company 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.