Markel Group Inc. Has $163.71 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Markel Group Inc. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748,750 shares of the financial services provider’s stock after buying an additional 5,250 shares during the quarter. Marsh & McLennan Companies comprises approximately 1.4% of Markel Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Markel Group Inc. owned about 0.15% of Marsh & McLennan Companies worth $163,707,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Harbour Investments Inc. grew its position in shares of Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after buying an additional 44 shares during the period. IFP Advisors Inc boosted its stake in Marsh & McLennan Companies by 0.6% during the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after acquiring an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Marsh & McLennan Companies by 1.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after acquiring an additional 47 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 47 shares during the last quarter. Finally, McAdam LLC boosted its stake in Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of a number of research reports. Morgan Stanley cut their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price target for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $234.07.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $182.99 on Wednesday. The company has a market capitalization of $89.65 billion, a PE ratio of 21.94, a P/E/G ratio of 2.35 and a beta of 0.81. The company has a 50 day simple moving average of $200.21 and a two-hundred day simple moving average of $211.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $182.73 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Research analysts anticipate 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. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by insiders.

About Marsh & McLennan Companies

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.