Marsh & McLennan Companies, Inc. $MMC Shares Purchased by National Pension Service

National Pension Service raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,015,487 shares of the financial services provider’s stock after purchasing an additional 37,025 shares during the period. National Pension Service owned about 0.21% of Marsh & McLennan Companies worth $222,026,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. boosted its stake in Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 44 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 47 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in Marsh & McLennan Companies by 1.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares in the last quarter. E Fund Management Co. Ltd. increased its holdings in Marsh & McLennan Companies by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after buying an additional 47 shares during the last quarter. Finally, McAdam LLC lifted its holdings in Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MMC shares. Citigroup began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target for the company. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $200.00 to $195.00 in a report on Monday, October 20th. Barclays reduced their price target on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $228.63.

Marsh & McLennan Companies Stock Up 0.5%

MMC stock opened at $182.74 on Thursday. The stock has a market cap of $89.53 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The firm’s 50-day simple moving average is $194.02 and its 200 day simple moving average is $208.48. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. Marsh & McLennan Companies’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.