Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Boosted by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,252 shares of the financial services provider’s stock after buying an additional 855 shares during the period. Metis Global Partners LLC’s holdings in Marsh & McLennan Companies were worth $5,410,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MMC. Vanguard Group Inc. increased its stake in Marsh & McLennan Companies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after purchasing an additional 119,236 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Legal & General Group Plc increased its holdings in Marsh & McLennan Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after buying an additional 223,257 shares during the last quarter. Clearbridge Investments LLC raised its position in Marsh & McLennan Companies by 1.7% during the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock valued at $718,368,000 after acquiring an additional 58,461 shares in the last quarter. Finally, Jensen Investment Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 1.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE:MMC opened at $225.64 on Thursday. The firm has a market capitalization of $110.82 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.35 and a beta of 0.94. The stock’s fifty day simple moving average is $224.56 and its 200-day simple moving average is $217.70. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MMC shares. BMO Capital Markets upped their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $225.33.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by corporate insiders.

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.