Marsh & McLennan Companies, Inc. $MMC Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 35.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,818 shares of the financial services provider’s stock after acquiring an additional 22,302 shares during the quarter. Marsh & McLennan Companies comprises approximately 0.4% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 23rd biggest position. Y Intercept Hong Kong Ltd’s holdings in Marsh & McLennan Companies were worth $17,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.8% in 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 buying an additional 837,117 shares in the last quarter. Geode Capital Management LLC lifted its stake in Marsh & McLennan Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after buying an additional 196,475 shares in the last quarter. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the second quarter valued at $1,328,587,000. Artisan Partners Limited Partnership raised its position in shares of Marsh & McLennan Companies by 0.9% in the second quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock valued at $752,877,000 after buying an additional 32,118 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Marsh & McLennan Companies by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock worth $634,405,000 after acquiring an additional 43,462 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MMC has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. TD Cowen lowered their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $218.82.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $182.39 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The company has a fifty day moving average price of $183.69 and a two-hundred day moving average price of $194.18. The company has a market cap of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, January 29th. 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 currently 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.