Elkhorn Investments LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,722 shares of the financial services provider’s stock after selling 620 shares during the quarter. Marsh & McLennan Companies comprises 1.2% of Elkhorn Investments LLC’s portfolio, making the stock its 14th largest holding. Elkhorn Investments LLC’s holdings in Marsh & McLennan Companies were worth $1,464,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MMC. SeaCrest Wealth Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $102,000. Invictus RG bought a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $106,000. Legacy Advisors LLC grew its holdings in Marsh & McLennan Companies by 1,558.8% in the 4th quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock worth $108,000 after buying an additional 1,247 shares in the last quarter. Virtue Capital Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $113,000. Finally, San Francisco Sentry Investment Group CA grew its holdings in Marsh & McLennan Companies by 5,086.2% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,475 shares in the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.
In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 618,557 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the completion of the transaction, the insider now directly owns 279,367 shares of the company’s stock, valued at approximately $23,131,587.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel S. Glaser sold 41,504 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $81.88, for a total value of $3,398,347.52. Following the transaction, the insider now directly owns 278,792 shares of the company’s stock, valued at $22,827,488.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 769,412 shares of company stock valued at $63,611,788. 1.46% of the stock is currently owned by corporate insiders.
Shares of Marsh & McLennan Companies, Inc. (MMC) traded up $0.07 during midday trading on Wednesday, reaching $84.69. The company’s stock had a trading volume of 62,327 shares, compared to its average volume of 2,231,145. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.70. The company has a market cap of $43,102.14, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.52 and a beta of 0.97. Marsh & McLennan Companies, Inc. has a 52-week low of $71.79 and a 52-week high of $86.54.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.57 billion. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. analysts predict that Marsh & McLennan Companies, Inc. will post 4.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 52.26%.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.
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