ASR Vermogensbeheer N.V. Increases Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

ASR Vermogensbeheer N.V. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,382 shares of the financial services provider’s stock after buying an additional 1,077 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Marsh & McLennan Companies were worth $25,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth about $25,000. Knuff & Co LLC purchased a new stake in Marsh & McLennan Companies during the first quarter worth approximately $28,000. Activest Wealth Management lifted its stake in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the last quarter. City Holding Co. purchased a new stake in Marsh & McLennan Companies during the first quarter worth approximately $37,000. Finally, Capital Analysts LLC lifted its stake in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Barclays decreased their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research note on Friday, July 18th. UBS Group reduced their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $201.41 on Thursday. The stock has a market cap of $99.02 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.53 and a beta of 0.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average of $203.32 and a two-hundred day moving average of $217.18. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the business’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 transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

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.