Massachusetts Financial Services Co. MA Reduces Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Massachusetts Financial Services Co. MA decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,824,587 shares of the financial services provider’s stock after selling 244,572 shares during the quarter. Marsh & McLennan Companies accounts for about 0.7% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 25th largest holding. Massachusetts Financial Services Co. MA’s holdings in Marsh & McLennan Companies were worth $2,414,857,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MMC. Bessemer Group Inc. increased its position in shares of Marsh & McLennan Companies by 109.0% during the first quarter. Bessemer Group Inc. now owns 26,454 shares of the financial services provider’s stock worth $5,449,000 after acquiring an additional 13,797 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 3.9% in the first quarter. Axxcess Wealth Management LLC now owns 21,926 shares of the financial services provider’s stock worth $4,516,000 after buying an additional 813 shares during the last quarter. Toronto Dominion Bank raised its holdings in Marsh & McLennan Companies by 1.8% in the first quarter. Toronto Dominion Bank now owns 294,095 shares of the financial services provider’s stock valued at $60,578,000 after acquiring an additional 5,090 shares in the last quarter. Capital International Sarl increased its position in shares of Marsh & McLennan Companies by 4.5% in the 1st quarter. Capital International Sarl now owns 23,640 shares of the financial services provider’s stock worth $4,869,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Marsh & McLennan Companies by 5.7% during the first quarter. Capital Research Global Investors now owns 2,262,010 shares of the financial services provider’s stock worth $465,929,000 after purchasing an additional 121,260 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of NYSE:MMC opened at $221.96 on Thursday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The firm has a market cap of $109.01 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.29 and a beta of 0.94. The company has a 50 day moving average of $223.81 and a 200-day moving average of $218.49. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MMC shares. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. UBS Group raised their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Barclays started coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.