Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.2% in the second quarter, Holdings Channel.com reports. The fund owned 64,554 shares of the financial services provider’s stock after buying an additional 5,463 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $14,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Accent Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $25,000. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth $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 during the last quarter. City Holding Co. acquired a new position in Marsh & McLennan Companies during the first quarter worth $37,000. Finally, Capital Analysts LLC increased its position in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Wolfe Research began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Saturday, September 27th. UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $238.76.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $201.25 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $98.94 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.53 and a beta of 0.81. The firm has a 50 day simple moving average of $202.96 and a 200 day simple moving average of $216.63. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the business posted $2.41 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is currently 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.