Hengehold Capital Management LLC Invests $244,000 in Marsh & McLennan Companies, Inc. (MMC)

Hengehold Capital Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,947 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. raised its holdings in Marsh & McLennan Companies by 0.4% during the second quarter. Macquarie Group Ltd. now owns 7,869,959 shares of the financial services provider’s stock worth $645,100,000 after purchasing an additional 28,659 shares in the last quarter. Northern Trust Corp grew its position in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Northern Trust Corp now owns 6,669,122 shares of the financial services provider’s stock worth $546,668,000 after acquiring an additional 106,883 shares during the last quarter. Bank of America Corp DE grew its position in shares of Marsh & McLennan Companies by 6.3% during the second quarter. Bank of America Corp DE now owns 6,380,730 shares of the financial services provider’s stock worth $523,029,000 after acquiring an additional 375,965 shares during the last quarter. American Century Companies Inc. grew its position in shares of Marsh & McLennan Companies by 21.0% during the second quarter. American Century Companies Inc. now owns 3,414,739 shares of the financial services provider’s stock worth $279,906,000 after acquiring an additional 592,490 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its position in shares of Marsh & McLennan Companies by 2.4% during the second quarter. Mawer Investment Management Ltd. now owns 2,878,992 shares of the financial services provider’s stock worth $235,964,000 after acquiring an additional 68,524 shares during the last quarter. 86.28% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, August 7th. They set a “neutral” rating and a $86.00 target price on the stock. UBS Group lowered their target price on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Citigroup lifted their price objective on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 12th. Bank of America lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $93.00 in a research report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $92.90.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the sale, the senior vice president now directly owns 123,843 shares in the company, valued at approximately $10,482,071.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by insiders.

NYSE:MMC opened at $86.37 on Wednesday. The firm has a market capitalization of $42.56 billion, a P/E ratio of 22.03, a PEG ratio of 1.58 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 1-year low of $77.11 and a 1-year high of $87.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.26.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. Marsh & McLennan Companies had a net margin of 10.23% and a return on equity of 28.72%. Analysts forecast that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Wednesday, October 10th. This represents a $1.66 annualized dividend and a dividend yield of 1.92%. Marsh & McLennan Companies’s payout ratio is currently 42.35%.

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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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