James Hambro & Partners Has $1.16 Million Holdings in Marsh & McLennan Companies, Inc. (MMC)

James Hambro & Partners boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,010 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. Marsh & McLennan Companies comprises about 0.4% of James Hambro & Partners’ investment portfolio, making the stock its 19th biggest position. James Hambro & Partners’ holdings in Marsh & McLennan Companies were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Investec Asset Management LTD increased its stake in Marsh & McLennan Companies by 22.6% during the second quarter. Investec Asset Management LTD now owns 2,075,578 shares of the financial services provider’s stock worth $170,135,000 after acquiring an additional 383,166 shares during the last quarter. Tuttle Tactical Management bought a new stake in Marsh & McLennan Companies during the second quarter worth approximately $276,000. Standard Life Aberdeen plc increased its stake in Marsh & McLennan Companies by 12.7% during the second quarter. Standard Life Aberdeen plc now owns 433,964 shares of the financial services provider’s stock worth $35,574,000 after acquiring an additional 49,052 shares during the last quarter. Macquarie Group Ltd. increased its stake 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 acquiring an additional 28,659 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Marsh & McLennan Companies by 1,046.0% during the second quarter. Rehmann Capital Advisory Group now owns 3,461 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 3,159 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors.

Shares of MMC traded down $0.01 during mid-day trading on Thursday, reaching $80.90. 3,856 shares of the company’s stock traded hands, compared to its average volume of 1,868,622. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.54 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $78.60 and a 12 month high of $87.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.46 and a current ratio of 1.46.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 26th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 4.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 11th will be issued a $0.415 dividend. The ex-dividend date is Wednesday, October 10th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.05%. Marsh & McLennan Companies’s payout ratio is 42.35%.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Bank of America cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and cut their target price for the company from $94.00 to $93.00 in a research note on Thursday, July 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, July 27th. Raymond James cut Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a research note on Tuesday, September 25th. Finally, Citigroup upped their target price on Marsh & McLennan Companies from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $92.27.

In related news, SVP E Scott Gilbert sold 80,646 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total value of $6,825,877.44. Following the completion of the sale, the senior vice president now owns 123,843 shares in the company, valued at $10,482,071.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.16% of the stock is currently owned by insiders.

Marsh & McLennan Companies Profile

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.

Further Reading: Leveraged Buyout (LBO) Explained

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

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