AEGON ASSET MANAGEMENT UK Plc Has $27.88 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 124,989 shares of the financial services provider’s stock after acquiring an additional 325 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Marsh & McLennan Companies were worth $27,884,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MMC. University of Texas Texas AM Investment Management Co. acquired a new position in Marsh & McLennan Companies during the second quarter valued at approximately $3,710,000. Czech National Bank increased its position in shares of Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after buying an additional 6,282 shares in the last quarter. Raymond James & Associates raised its stake in Marsh & McLennan Companies by 2.6% during the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after buying an additional 23,133 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Marsh & McLennan Companies by 8.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 68,383 shares of the financial services provider’s stock valued at $14,086,000 after acquiring an additional 5,554 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Marsh & McLennan Companies by 236.7% in the first quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock worth $11,431,000 after acquiring an additional 39,013 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, Bank of America increased their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $225.37 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The stock has a 50 day moving average of $224.83 and a 200-day moving average of $217.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $110.68 billion, a P/E ratio of 27.75, a P/E/G ratio of 3.32 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies 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.