Evolution Wealth Advisors LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 180.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 264 shares of the financial services provider’s stock after purchasing an additional 170 shares during the period. Evolution Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $30,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MMC. Public Employees Retirement Association of Colorado grew its stake in Marsh & McLennan Companies by 4.5% during the first quarter. Public Employees Retirement Association of Colorado now owns 95,468 shares of the financial services provider’s stock valued at $8,254,000 after acquiring an additional 4,078 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Marsh & McLennan Companies in the first quarter valued at approximately $2,983,000. Quantitative Investment Management LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at approximately $219,000. APG Asset Management N.V. increased its stake in Marsh & McLennan Companies by 9.4% in the first quarter. APG Asset Management N.V. now owns 2,050,390 shares of the financial services provider’s stock valued at $177,277,000 after purchasing an additional 176,639 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Marsh & McLennan Companies by 18.5% in the first quarter. Schroder Investment Management Group now owns 43,973 shares of the financial services provider’s stock valued at $3,840,000 after purchasing an additional 6,865 shares during the last quarter. Institutional investors own 87.38% of the company’s stock.

Several brokerages have commented on MMC. Raymond James increased their price target on shares of Marsh & McLennan Companies from $105.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $116.00 target price on the stock. in a research report on Monday, October 12th. BofA Securities lowered shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and set a $113.00 target price on the stock. in a research report on Friday, August 21st. Bank of America lowered shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $115.00 to $113.00 in a research report on Friday, August 21st. Finally, Royal Bank of Canada restated a “buy” rating and set a $115.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $113.86.

In related news, CEO Martine Ferland sold 2,940 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $112.90, for a total transaction of $331,926.00. Following the completion of the sale, the chief executive officer now owns 2,763 shares in the company, valued at approximately $311,942.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Laurie Ledford sold 4,114 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $115.78, for a total value of $476,318.92. Following the sale, the senior vice president now owns 8,939 shares of the company’s stock, valued at approximately $1,034,957.42. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

NYSE:MMC opened at $114.94 on Friday. The firm’s fifty day moving average price is $115.41 and its 200 day moving average price is $108.09. Marsh & McLennan Companies, Inc. has a 1-year low of $74.33 and a 1-year high of $120.97. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $58.22 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 7.95 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. Marsh & McLennan Companies had a return on equity of 31.82% and a net margin of 11.83%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $1.18 earnings per share. Marsh & McLennan Companies’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 4.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, October 8th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.91%.

Marsh & McLennan Companies 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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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