Railway Pension Investments Ltd Has $22.48 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Railway Pension Investments Ltd raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,800 shares of the financial services provider’s stock after buying an additional 12,000 shares during the period. Railway Pension Investments Ltd’s holdings in Marsh & McLennan Companies were worth $22,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MMC. Harbour Investments Inc. increased its holdings in shares of Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 44 shares during the last quarter. E Fund Management Co. Ltd. grew its position in Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after buying an additional 47 shares in the last quarter. McAdam LLC lifted its position in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 47 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Marsh & McLennan Companies by 5.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock worth $186,000 after buying an additional 47 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in Marsh & McLennan Companies by 2.8% in the 1st quarter. Moors & Cabot Inc. now owns 1,738 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 48 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MMC. Citigroup started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective for the company. Barclays upgraded shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $221.00 to $206.00 in a report on Thursday, November 20th. UBS Group cut their target price 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. Royal Bank Of Canada assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price on the stock. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $224.56.

Marsh & McLennan Companies Stock Up 0.4%

Shares of MMC opened at $183.51 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $189.42 and a two-hundred day simple moving average of $204.75. The firm has a market cap of $89.90 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.25 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Marsh & McLennan Companies 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.