Quilter Plc Purchases 47,956 Shares of Marsh & McLennan Companies, Inc. $MMC

Quilter Plc increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 376,213 shares of the financial services provider’s stock after purchasing an additional 47,956 shares during the period. Marsh & McLennan Companies makes up 1.5% of Quilter Plc’s portfolio, making the stock its 23rd largest holding. Quilter Plc owned about 0.08% of Marsh & McLennan Companies worth $82,255,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Jennison Associates LLC lifted its position in shares of Marsh & McLennan Companies by 225.1% during the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after purchasing an additional 727,714 shares during the last quarter. LPL Financial LLC lifted its holdings in Marsh & McLennan Companies by 9.9% during the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock valued at $78,662,000 after buying an additional 29,247 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Marsh & McLennan Companies by 18.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after acquiring an additional 34,400 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after acquiring an additional 837,117 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after purchasing an additional 2,623,745 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MMC shares. TD Cowen lowered their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Finally, Evercore ISI cut their price objective on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $228.63.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $177.19 on Thursday. The company has a 50 day moving average of $191.84 and a two-hundred day moving average of $206.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The company has a market cap of $86.81 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, analysts predict 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 was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were paid a $0.90 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.