Enlightenment Research LLC Acquires New Position in Marsh & McLennan Companies, Inc. (MMC)

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Enlightenment Research LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, HoldingsChannel reports. The fund acquired 800 shares of the financial services provider’s stock, valued at approximately $64,000.

A number of other large investors have also recently made changes to their positions in MMC. Howe & Rusling Inc. grew its stake in Marsh & McLennan Companies by 66.7% in the fourth quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 136 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Marsh & McLennan Companies by 58.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Marsh & McLennan Companies by 4,680.0% in the fourth quarter. Baystate Wealth Management LLC now owns 478 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 468 shares in the last quarter. Lavaca Capital LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $48,000. Finally, IMS Capital Management bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $50,000. 87.63% of the stock is currently owned by institutional investors.

In other news, SVP E Scott Gilbert sold 89,789 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the completion of the sale, the senior vice president now owns 94,957 shares in the company, valued at approximately $8,550,877.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Mcdonald sold 11,245 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $90.34, for a total value of $1,015,873.30. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

Shares of NYSE MMC opened at $91.16 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. The firm has a market cap of $45.92 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.64 and a beta of 0.87. Marsh & McLennan Companies, Inc. has a 12-month low of $74.30 and a 12-month high of $92.15.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 31st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 4.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Wednesday, January 30th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, January 29th. This represents a $1.66 annualized dividend and a yield of 1.82%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 38.16%.

Several analysts have issued reports on the company. Citigroup set a $99.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Saturday, February 2nd. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Compass Point assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, January 15th. They set a “neutral” rating and a $86.00 target price on the stock. Morgan Stanley increased their target price on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Wednesday, November 14th. Finally, Wells Fargo & Co set a $93.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.80.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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

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