Wells Fargo & Company MN increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,072,802 shares of the financial services provider’s stock after buying an additional 118,154 shares during the quarter. Wells Fargo & Company MN owned about 0.41% of Marsh & McLennan Companies worth $171,462,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. LeJeune Puetz Investment Counsel LLC acquired a new position in Marsh & McLennan Companies in the 2nd quarter worth approximately $100,000. SRS Capital Advisors Inc. increased its holdings in Marsh & McLennan Companies by 3,497.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,189 shares during the period. Kaizen Advisory LLC increased its holdings in Marsh & McLennan Companies by 152.0% in the 2nd quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock worth $102,000 after buying an additional 751 shares during the period. Sun Life Financial INC increased its holdings in Marsh & McLennan Companies by 619.9% in the 2nd quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock worth $113,000 after buying an additional 1,184 shares during the period. Finally, DeDora Capital Inc. acquired a new position in Marsh & McLennan Companies in the 2nd quarter worth approximately $212,000. Institutional investors own 86.28% of the company’s stock.
In other news, SVP E Scott Gilbert sold 80,646 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the transaction, the senior vice president now owns 123,843 shares in the company, valued at approximately $10,482,071.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.16% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Wells Fargo & Co restated a “sell” rating on shares of Marsh & McLennan Companies in a research report on Monday, October 8th. Credit Suisse Group began coverage on Marsh & McLennan Companies in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 price objective on the stock. UBS Group lowered their price objective on Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Finally, Raymond James lowered Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a research report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $92.90.
Marsh & McLennan Companies stock opened at $87.76 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.26. Marsh & McLennan Companies, Inc. has a 12 month low of $77.11 and a 12 month high of $88.22. The company has a market capitalization of $43.94 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.63 and a beta of 0.78.
Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th will be given a $0.415 dividend. The ex-dividend date of this dividend is Wednesday, October 10th. This represents a $1.66 annualized dividend and a yield of 1.89%. Marsh & McLennan Companies’s dividend payout ratio is presently 42.35%.
Marsh & McLennan Companies Profile
Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.
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