Capital Bank & Trust Co decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,324,633 shares of the financial services provider’s stock after selling 34,031 shares during the period. Marsh & McLennan Companies accounts for about 1.4% of Capital Bank & Trust Co’s holdings, making the stock its 14th biggest position. Capital Bank & Trust Co owned about 0.26% of Marsh & McLennan Companies worth $111,017,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors increased its stake in shares of Marsh & McLennan Companies by 10.7% in the third quarter. Capital International Investors now owns 12,500,396 shares of the financial services provider’s stock worth $1,047,658,000 after purchasing an additional 1,212,799 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Marsh & McLennan Companies by 6.0% in the third quarter. Janus Henderson Group PLC now owns 3,712,181 shares of the financial services provider’s stock worth $311,120,000 after purchasing an additional 210,920 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Marsh & McLennan Companies by 56.2% in the third quarter. Jane Street Group LLC now owns 15,448 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 5,561 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth about $422,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Marsh & McLennan Companies by 0.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 448,407 shares of the financial services provider’s stock worth $37,581,000 after purchasing an additional 3,049 shares in the last quarter. 85.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies, Inc. (NYSE MMC) opened at $84.13 on Friday. The company has a market cap of $42,936.33, a P/E ratio of 22.38, a P/E/G ratio of 1.79 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12 month low of $66.75 and a 12 month high of $86.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. Marsh & McLennan Companies’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. equities analysts forecast that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.50 annualized dividend and a yield of 1.78%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.10%.

In other news, Director Marc D. Oken acquired 1,235 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $80.89 per share, with a total value of $99,899.15. Following the completion of the purchase, the director now owns 40,120 shares in the company, valued at $3,245,306.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.46% of the stock is currently owned by insiders.

Several research firms have recently weighed in on MMC. Royal Bank Of Canada reiterated a “buy” rating and issued a $93.00 target price on shares of Marsh & McLennan Companies in a research note on Friday. UBS downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a research note on Wednesday. Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a research note on Monday, December 4th. They issued a “neutral” rating and a $88.00 target price for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $88.00 target price on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. Finally, Jefferies Group reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.42.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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