Andina Capital Management LLC Makes New $494,000 Investment in Marsh & McLennan Companies, Inc. $MMC

Andina Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,025 shares of the financial services provider’s stock, valued at approximately $494,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Nuveen LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $1,038,594,000. Stifel Financial Corp lifted its holdings in Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock valued at $472,599,000 after buying an additional 1,883,146 shares during the period. GAMMA Investing LLC lifted its holdings in Marsh & McLennan Companies by 32,120.9% in the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after buying an additional 1,510,966 shares during the period. Finally, Ninety One UK Ltd lifted its holdings in Marsh & McLennan Companies by 153.6% in the first quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after buying an additional 1,436,044 shares during the period. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MMC. UBS Group cut their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Barclays lowered their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $207.71 on Tuesday. The firm has a 50-day moving average of $210.85 and a 200-day moving average of $223.31. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $102.11 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a one year low of $196.27 and a one year high of $248.00.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, July 24th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

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.