Marsh & McLennan Companies, Inc. (NYSE:MMC) Stake Boosted by Parallel Advisors LLC

Parallel Advisors LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,489 shares of the financial services provider’s stock after acquiring an additional 199 shares during the period. Parallel Advisors LLC’s holdings in Marsh & McLennan Companies were worth $449,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 38,854,934 shares of the financial services provider’s stock valued at $3,875,780,000 after acquiring an additional 974,005 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Marsh & McLennan Companies by 0.7% during the 2nd quarter. Northern Trust Corp now owns 6,875,582 shares of the financial services provider’s stock valued at $685,839,000 after acquiring an additional 48,927 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Marsh & McLennan Companies by 16,857.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,279,048 shares of the financial services provider’s stock valued at $526,585,000 after acquiring an additional 5,247,916 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Marsh & McLennan Companies by 7.6% during the 3rd quarter. California Public Employees Retirement System now owns 4,162,674 shares of the financial services provider’s stock valued at $416,476,000 after acquiring an additional 293,879 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Marsh & McLennan Companies by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,971,873 shares of the financial services provider’s stock valued at $396,194,000 after acquiring an additional 116,697 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Several equities analysts have recently commented on MMC shares. Wells Fargo & Co restated a “hold” rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a report on Tuesday, October 29th. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Finally, ValuEngine cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $99.33.

NYSE:MMC traded up $0.12 during trading hours on Friday, reaching $103.31. The company’s stock had a trading volume of 1,418,139 shares, compared to its average volume of 1,676,807. The company has a market cap of $51.32 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $104.86. The business’s 50-day moving average is $99.57 and its 200-day moving average is $98.54. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4 billion. Marsh & McLennan Companies had a net margin of 9.34% and a return on equity of 29.40%. Marsh & McLennan Companies’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 4.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, October 10th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.84%.

About Marsh & McLennan Companies

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

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