Capital Performance Advisors LLP Buys New Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 3rd quarter, Holdings Channel reports. The firm purchased 183 shares of the financial services provider’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. Assenagon Asset Management S.A. increased its holdings in Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after buying an additional 679,474 shares during the last quarter. M&G Plc acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $118,353,000. Bristol Gate Capital Partners Inc. purchased a new stake in Marsh & McLennan Companies during the first quarter worth approximately $95,139,000. International Assets Investment Management LLC boosted its holdings in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after purchasing an additional 426,425 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after purchasing an additional 380,828 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on MMC shares. Bank of America upped their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group raised their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Roth Mkm raised their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets boosted their price objective on 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Up 1.0 %

MMC stock opened at $225.36 on Monday. The stock has a market capitalization of $110.68 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94. The company has a fifty day moving average of $224.83 and a 200-day moving average of $217.18. 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, Inc. has a one year low of $184.28 and a one year high of $232.32.

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, 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

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.