Quadrant Capital Group LLC Purchases 838 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Quadrant Capital Group LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,669 shares of the financial services provider’s stock after purchasing an additional 838 shares during the period. Quadrant Capital Group LLC’s holdings in Marsh & McLennan Companies were worth $356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Marsh & McLennan Companies by 2.3% in the first quarter. BlackRock Inc. now owns 43,396,454 shares of the financial services provider’s stock valued at $4,074,926,000 after acquiring an additional 964,222 shares during the period. FMR LLC grew its position in Marsh & McLennan Companies by 27.9% in the first quarter. FMR LLC now owns 10,681,542 shares of the financial services provider’s stock valued at $1,002,997,000 after acquiring an additional 2,327,487 shares during the period. Northern Trust Corp grew its position in Marsh & McLennan Companies by 0.8% in the first quarter. Northern Trust Corp now owns 6,826,655 shares of the financial services provider’s stock valued at $641,023,000 after acquiring an additional 53,038 shares during the period. Geode Capital Management LLC grew its position in Marsh & McLennan Companies by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 6,628,096 shares of the financial services provider’s stock valued at $527,675,000 after acquiring an additional 410,471 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Marsh & McLennan Companies by 5.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,572,102 shares of the financial services provider’s stock valued at $429,320,000 after acquiring an additional 241,900 shares during the period. Institutional investors and hedge funds own 84.77% of the company’s stock.

Marsh & McLennan Companies stock traded down $1.95 on Monday, reaching $96.98. The company’s stock had a trading volume of 31,640 shares, compared to its average volume of 1,445,898. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.21 and a current ratio of 1.18. The stock has a market capitalization of $50.09 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.77 and a beta of 0.77. The company’s fifty day moving average is $100.48. Marsh & McLennan Companies, Inc. has a twelve month low of $74.30 and a twelve month high of $103.36.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, July 10th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio is 41.84%.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a research note on Monday, July 1st. UBS Group boosted their price objective on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods lowered Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $100.00 to $99.00 in a research note on Wednesday, June 12th. Finally, Goldman Sachs Group assumed coverage on Marsh & McLennan Companies in a research note on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $97.30.

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

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