Tredje AP fonden Raises Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tredje AP fonden grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,392 shares of the financial services provider’s stock after purchasing an additional 12,900 shares during the quarter. Tredje AP fonden’s holdings in Marsh & McLennan Companies were worth $24,948,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MMC. Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the 1st quarter worth $27,000. Sachetta LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $29,000. Clear Investment Research LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its holdings in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock valued at $4,897,317 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. 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 research report on Friday, July 19th. Barclays started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $215.53.

Marsh & McLennan Companies Trading Down 1.3 %

Shares of NYSE:MMC opened at $228.07 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The stock has a market capitalization of $112.38 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day simple moving average is $222.83 and its two-hundred day simple moving average is $211.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the company earned $2.20 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were paid a $0.815 dividend. The ex-dividend date was Thursday, July 25th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

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.