Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Prudential PLC

Prudential PLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,302 shares of the financial services provider’s stock after buying an additional 14,589 shares during the period. Prudential PLC’s holdings in Marsh & McLennan Companies were worth $23,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management increased its position in 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 worth $28,000 after buying an additional 111 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the last quarter. Finally, Access Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at $39,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley dropped their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Barclays upgraded shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and set a $206.00 price target for the company in a report on Thursday. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Finally, TD Cowen reduced their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $227.69.

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE MMC opened at $177.19 on Thursday. The stock has a market capitalization of $86.81 billion, a PE ratio of 21.25, a P/E/G ratio of 2.25 and a beta of 0.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average of $191.84 and a 200-day moving average of $206.97. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.