Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4,261.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 305,300 shares of the financial services provider’s stock after acquiring an additional 298,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Marsh & McLennan Companies worth $68,109,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $3,710,000. Czech National Bank lifted its stake in 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 lifted its stake in Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after buying an additional 23,133 shares in the last quarter. Cetera Investment Advisers lifted its stake in Marsh & McLennan Companies by 236.7% in the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after buying an additional 39,013 shares in the last quarter. Finally, Kinsale Capital Group Inc. lifted 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 valued at $6,024,000 after buying an additional 3,880 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s 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 sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.9 %

Shares of NYSE MMC opened at $232.77 on Wednesday. The firm has a market cap of $114.32 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.78 and a beta of 0.94. 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 52-week low of $184.28 and a 52-week high of $233.48. The business’s 50 day moving average is $223.75 and its two-hundred day moving average is $219.31.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 earnings per share. Research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MMC shares. BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $227.60.

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.