Kovitz Investment Group Partners LLC Has $2.48 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kovitz Investment Group Partners LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 197.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,116 shares of the financial services provider’s stock after buying an additional 7,380 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Marsh & McLennan Companies were worth $2,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Worldquant Millennium Advisors LLC boosted its position in Marsh & McLennan Companies by 1.2% during the third quarter. Worldquant Millennium Advisors LLC now owns 120,099 shares of the financial services provider’s stock valued at $26,793,000 after purchasing an additional 1,366 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its holdings in shares of Marsh & McLennan Companies by 1.4% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,863 shares of the financial services provider’s stock valued at $862,000 after buying an additional 55 shares during the last quarter. Swmg LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $614,000. Quantinno Capital Management LP increased its holdings in Marsh & McLennan Companies by 48.7% in the third quarter. Quantinno Capital Management LP now owns 31,460 shares of the financial services provider’s stock worth $7,018,000 after buying an additional 10,298 shares during the last quarter. Finally, Quarry LP lifted its stake in Marsh & McLennan Companies by 223.4% in the third quarter. Quarry LP now owns 498 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 344 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have 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 report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Royal Bank of Canada upped 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. Barclays raised their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $227.60.

Insider Activity at Marsh & McLennan Companies

In related 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 owns 48,549 shares of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Down 3.1 %

MMC stock opened at $218.17 on Tuesday. The business’s 50-day simple moving average is $224.70 and its 200 day simple moving average is $220.65. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $107.15 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $235.50.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

About Marsh & McLennan Companies

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.