Tower Bridge Advisors Increases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tower Bridge Advisors lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,218 shares of the financial services provider’s stock after purchasing an additional 89 shares during the quarter. Tower Bridge Advisors’ holdings in Marsh & McLennan Companies were worth $495,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Adero Partners LLC raised its holdings in shares of Marsh & McLennan Companies by 2.3% during the 3rd quarter. Adero Partners LLC now owns 2,721 shares of the financial services provider’s stock valued at $607,000 after buying an additional 60 shares in the last quarter. Schear Investment Advisers LLC raised its holdings in shares of Marsh & McLennan Companies by 29.8% during the 3rd quarter. Schear Investment Advisers LLC now owns 1,862 shares of the financial services provider’s stock valued at $415,000 after buying an additional 428 shares in the last quarter. Kinsale Capital Group Inc. increased its stake in Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares during the period. Turtle Creek Wealth Advisors LLC increased its stake in Marsh & McLennan Companies by 3.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 54 shares during the period. Finally, Heritage Investment Group Inc. purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $210,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.3 %

NYSE MMC opened at $222.14 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The firm has a market capitalization of $109.10 billion, a PE ratio of 27.36, a P/E/G ratio of 3.30 and a beta of 0.94. The stock’s 50 day moving average is $224.31 and its 200 day moving average is $218.15.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the company posted $1.57 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Analysts Set New Price Targets

A number of equities analysts have commented on MMC shares. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Two equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $225.33.

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.