Stokes Capital Advisors LLC Sells 180 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)
Stokes Capital Advisors LLC lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,910 shares of the financial services provider’s stock after selling 180 shares during the quarter. Marsh & McLennan Companies comprises 1.6% of Stokes Capital Advisors LLC’s holdings, making the stock its 29th biggest position. Stokes Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,884,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Lenox Wealth Advisors LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter valued at approximately $26,000. Canton Hathaway LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $30,000. Thor Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $37,000. Ellis Investment Partners LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $38,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $42,000. Hedge funds and other institutional investors own 85.17% of the company’s stock.
A number of research firms have recently weighed in on MMC. UBS Group increased their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods lowered shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $100.00 to $99.00 in a research note on Wednesday, June 12th. Wells Fargo & Co reiterated a “hold” rating on shares of AON in a research note on Friday, April 5th. ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $393.00 price objective on shares of Boeing in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $97.30.
Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be issued a dividend of $0.455 per share. The ex-dividend date is Wednesday, July 10th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 dividend on an annualized basis and a yield of 1.78%. Marsh & McLennan Companies’s dividend payout ratio is 41.84%.
Marsh & McLennan Companies Company Profile
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.
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