Marsh & McLennan Companies, Inc. (MMC) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,517 shares of the financial services provider’s stock after buying an additional 1,618 shares during the quarter. Arizona State Retirement System’s holdings in Marsh & McLennan Companies were worth $14,436,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Segment Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 1.1% during the second quarter. Segment Wealth Management LLC now owns 53,334 shares of the financial services provider’s stock valued at $4,372,000 after acquiring an additional 584 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 13.6% during the second quarter. Parallel Advisors LLC now owns 4,983 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 597 shares during the last quarter. Daiwa SB Investments Ltd. boosted its stake in shares of Marsh & McLennan Companies by 9.1% during the third quarter. Daiwa SB Investments Ltd. now owns 7,670 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 640 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Marsh & McLennan Companies by 1.8% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 37,248 shares of the financial services provider’s stock valued at $3,053,000 after acquiring an additional 670 shares during the last quarter. Finally, Kaizen Advisory LLC boosted its stake in shares of Marsh & McLennan Companies by 152.0% during the second quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 751 shares during the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shares of NYSE:MMC opened at $84.75 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.46 and a debt-to-equity ratio of 0.73. Marsh & McLennan Companies, Inc. has a 12-month low of $77.11 and a 12-month high of $87.89. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94.



Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s payout ratio is 42.35%.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 123,843 shares of the company’s stock, valued at approximately $10,482,071.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.16% of the stock is currently owned by company insiders.

A number of research firms recently commented on MMC. Citigroup increased their price objective 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. Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Bank of America lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $94.00 to $93.00 in a research note on Thursday, July 26th. Credit Suisse Group set a $91.00 price objective on Marsh & McLennan Companies and gave the company a “hold” rating in a research note on Tuesday, October 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $92.90.

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.

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

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