Marsh & McLennan Companies, Inc. (NYSE:MMC) is Walter Public Investments Inc.’s 4th Largest Position

Walter Public Investments Inc. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,494 shares of the financial services provider’s stock after purchasing an additional 4,807 shares during the period. Marsh & McLennan Companies comprises approximately 4.4% of Walter Public Investments Inc.’s holdings, making the stock its 4th biggest holding. Walter Public Investments Inc.’s holdings in Marsh & McLennan Companies were worth $25,096,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MMC. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $27,000. Crewe Advisors LLC boosted its position in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $35,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $227.91 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The company has a market capitalization of $112.30 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s fifty day moving average price is $225.04 and its 200 day moving average price is $214.68.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results 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 during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MMC shares. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Bank of America lifted their price target 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. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $216.69.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,566 shares of company stock valued at $4,420,137. Insiders own 0.30% of the company’s stock.

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.