Latest Stocks: LS Investment Advisors LLC Reduces Position in Marsh & McLennan Companies, Inc. (MMC)

Latest Stocks: LS Investment Advisors LLC Reduces Position in Marsh & McLennan Companies, Inc. (MMC)

LS Investment Advisors LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,090 shares of the financial services provider’s stock after selling 47 shares during the period. LS Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $3,036,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. FNY Partners Fund LP bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $101,000. Seven Bridges Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 21.0% in the third quarter. Seven Bridges Advisors LLC now owns 1,524 shares of the financial services provider’s stock worth $102,000 after buying an additional 264 shares in the last quarter. Advantage Investment Management LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at $109,000. CENTRAL TRUST Co increased its stake in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock valued at $111,000 after buying an additional 102 shares during the last quarter. Finally, Ledyard National Bank increased its stake in Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,310 shares during the last quarter. 84.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 77.38 on Tuesday. The stock has a market cap of $39.79 billion, a price-to-earnings ratio of 21.74 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $77.87. The firm has a 50-day moving average price of $74.46 and a 200 day moving average price of $71.78.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Marsh & McLennan Companies had a return on equity of 35.87% and a net margin of 16.50%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.24%.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Marsh & McLennan Companies had a return on equity of 35.87% and a net margin of 16.50%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year. Several analysts recently weighed in on MMC shares. Credit Suisse Group AG set a $74.00 price objective on Marsh & McLennan Companies and gave the company a “hold” rating in a report on Saturday, March 25th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, April 4th. Wells Fargo & Co reiterated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price (up from $74.00) on shares of Marsh & McLennan Companies in a report on Friday, April 28th. Finally, Deutsche Bank AG boosted their target price on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.34.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel S. Glaser sold 488,487 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $73.17, for a total value of $35,742,593.79. Following the transaction, the insider now directly owns 483,211 shares of the company’s stock, valued at $35,356,548.87. The disclosure for this sale can be found here. Insiders have sold a total of 679,803 shares of company stock worth $49,904,666 over the last quarter. Insiders own 1.51% of the company’s stock. Marsh & McLennan Companies Company Profile

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