Marsh & McLennan Companies, Inc. $MMC Position Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 223,237 shares of the financial services provider’s stock after acquiring an additional 1,079 shares during the period. Asset Management One Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $48,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC increased its position in Marsh & McLennan Companies by 9.9% in the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock valued at $78,662,000 after acquiring an additional 29,247 shares during the period. Penserra Capital Management LLC increased its position in Marsh & McLennan Companies by 101.4% in the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock valued at $1,741,000 after acquiring an additional 3,593 shares during the period. US Asset Management LLC increased its position in Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock valued at $1,671,000 after acquiring an additional 1,284 shares during the period. Geneva Partners LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $4,673,000. Finally, GAMMA Investing LLC increased its position in Marsh & McLennan Companies by 32.0% in the 1st quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider’s stock valued at $1,516,000 after acquiring an additional 1,507 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $248.00 to $242.00 in a research report on Thursday, October 9th. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target on the stock. Citigroup started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target on the stock. Barclays lowered their price target on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Finally, UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $234.07.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $186.59 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $91.41 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.35 and a beta of 0.81. The stock’s fifty day simple moving average is $201.17 and its 200 day simple moving average is $212.70. Marsh & McLennan Companies, Inc. has a 52-week low of $185.12 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 2nd. 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 firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

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.