Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Raised by Swedbank AB

Swedbank AB raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 275,694 shares of the financial services provider’s stock after acquiring an additional 9,186 shares during the period. Swedbank AB’s holdings in Marsh & McLennan Companies were worth $61,505,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Interval Partners LP lifted its stake in Marsh & McLennan Companies by 50.6% in the 1st quarter. Interval Partners LP now owns 54,075 shares of the financial services provider’s stock worth $11,138,000 after acquiring an additional 18,175 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 1,910 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 60 shares during the period. Dynasty Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $2,559,000. B. Riley Wealth Advisors Inc. lifted its position in Marsh & McLennan Companies by 22.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,201 shares of the financial services provider’s stock worth $609,000 after buying an additional 591 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. California State Teachers Retirement System now owns 824,404 shares of the financial services provider’s stock valued at $169,811,000 after buying an additional 9,977 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MMC. BMO Capital Markets increased their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $226.00.

Marsh & McLennan Companies Stock Up 1.5 %

NYSE MMC opened at $227.82 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The stock has a market cap of $111.89 billion, a PE ratio of 28.06, a PEG ratio of 3.39 and a beta of 0.94. The firm has a 50-day simple moving average of $223.67 and a 200 day simple moving average of $218.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

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.