Vanguard Personalized Indexing Management LLC Has $10.22 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vanguard Personalized Indexing Management LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,500 shares of the financial services provider’s stock after purchasing an additional 4,450 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Marsh & McLennan Companies were worth $10,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Marsh & McLennan Companies by 0.3% in the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after acquiring an additional 119,236 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Parnassus Investments LLC increased its position in shares of Marsh & McLennan Companies by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after acquiring an additional 11,459 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Marsh & McLennan Companies by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,450,461 shares of the financial services provider’s stock valued at $653,759,000 after acquiring an additional 25,202 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Marsh & McLennan Companies by 0.4% in the first quarter. Clearbridge Investments LLC now owns 3,350,649 shares of the financial services provider’s stock valued at $690,167,000 after acquiring an additional 14,726 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MMC shares. Roth Mkm lifted their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. Finally, Bank of America upped their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $215.53.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock worth $4,897,317 in the last quarter. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $228.07 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $112.38 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The firm’s fifty day simple moving average is $222.83 and its two-hundred day simple moving average is $211.96. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.