Geode Capital Management LLC Purchases 196,475 Shares of Marsh & McLennan Companies, Inc. $MMC

Geode Capital Management LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,684,210 shares of the financial services provider’s stock after purchasing an additional 196,475 shares during the period. Geode Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $2,762,513,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Accent Capital Management LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter worth $28,000. Activest Wealth Management boosted its stake in shares of Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 111 shares during the period. Westside Investment Management Inc. increased its stake in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the period. Finally, Access Investment Management LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MMC shares. Barclays reduced their target price on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $209.00 to $191.00 in a research report on Friday, October 17th. UBS Group dropped their price target 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. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $228.63.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $181.72 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00. The firm has a market cap of $89.03 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50-day simple moving average of $194.46 and a two-hundred day simple moving average of $208.66.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion during 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%. Marsh & McLennan Companies’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 EPS. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated 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 approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company 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.