Guggenheim Capital LLC Has $17.70 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Guggenheim Capital LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,937 shares of the financial services provider’s stock after purchasing an additional 6,131 shares during the quarter. Guggenheim Capital LLC’s holdings in Marsh & McLennan Companies were worth $17,696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MMC. Knuff & Co LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at $28,000. Activest Wealth Management lifted its position in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Westside Investment Management Inc. grew its stake in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares during the period. Finally, Access Investment Management LLC bought a new position in Marsh & McLennan Companies in the second quarter valued at approximately $39,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.4%

MMC stock opened at $183.08 on Friday. The stock’s 50 day simple moving average is $188.27 and its 200 day simple moving average is $203.70. The company has a market cap of $89.69 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 3.16 and a beta of 0.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective on the stock. Morgan Stanley reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Bank of America reaffirmed an “underperform” rating and set a $181.00 price target (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.00.

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.