Vinva Investment Management Ltd Has $5.80 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Vinva Investment Management Ltd grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 26,711 shares of the financial services provider’s stock after acquiring an additional 2,090 shares during the quarter. Vinva Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $5,795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the first quarter worth about $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $28,000. Activest Wealth Management boosted its position in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 111 shares in the last quarter. Westside Investment Management Inc. increased its stake in Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 109 shares during the last quarter. Finally, Access Investment Management LLC bought a new stake in Marsh & McLennan Companies during the second quarter worth $39,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MMC. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $209.00 to $191.00 in a research note on Friday, October 17th. Bank of America reiterated an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Morgan Stanley dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Barclays raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $221.00 to $206.00 in a report on Thursday, November 20th. Finally, TD Cowen dropped their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.56.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Up 0.4%

Shares of NYSE MMC opened at $182.66 on Friday. The firm has a 50 day moving average price of $189.69 and a two-hundred day moving average price of $205.19. The stock has a market cap of $89.49 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion for 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 revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Marsh & McLennan Companies Company 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.