Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 229.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,817 shares of the financial services provider’s stock after purchasing an additional 87,600 shares during the quarter. Marsh & McLennan Companies comprises about 0.7% of Quantbot Technologies LP’s investment portfolio, making the stock its 4th biggest position. Quantbot Technologies LP’s holdings in Marsh & McLennan Companies were worth $27,509,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MMC. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the second quarter worth about $1,328,587,000. Wellington Management Group LLP raised its stake in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares in the last quarter. Nuveen LLC bought a new stake in Marsh & McLennan Companies during the first quarter worth approximately $1,038,594,000. Valeo Financial Advisors LLC grew its holdings in Marsh & McLennan Companies by 48,212.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares during the last quarter. Finally, Soundwatch Capital LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter worth $560,820,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.3%

Shares of MMC opened at $184.04 on Tuesday. The stock’s 50-day moving average price is $189.16 and its 200 day moving average price is $204.32. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The firm has a market capitalization of $90.16 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.25 and a beta of 0.78.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Analysts Set New Price Targets

Several research analysts recently commented on MMC shares. Evercore ISI dropped their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Wolfe Research started coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. UBS Group decreased their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Cantor Fitzgerald began 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. Finally, TD Cowen reduced their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $224.56.

Marsh & McLennan Companies 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.