Mn Services Vermogensbeheer B.V. increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,525 shares of the financial services provider’s stock after acquiring an additional 900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Marsh & McLennan Companies were worth $7,084,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MMC. BlackRock Inc. grew its holdings in shares of Marsh & McLennan Companies by 9.3% in the second quarter. BlackRock Inc. now owns 40,950,741 shares of the financial services provider’s stock valued at $3,192,520,000 after acquiring an additional 3,493,942 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Marsh & McLennan Companies by 4,831.1% in the second quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock valued at $272,958,000 after acquiring an additional 3,430,257 shares in the last quarter. USS Investment Management Ltd grew its holdings in shares of Marsh & McLennan Companies by 401.0% in the second quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock valued at $155,251,000 after acquiring an additional 1,594,047 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Marsh & McLennan Companies by 30.5% in the second quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock valued at $504,264,000 after acquiring an additional 1,510,060 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 2.6% in the second quarter. Vanguard Group Inc. now owns 34,936,066 shares of the financial services provider’s stock valued at $2,723,616,000 after acquiring an additional 875,454 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/marsh-mclennan-companies-inc-mmc-stake-boosted-by-mn-services-vermogensbeheer-b-v/1683152.html.

MMC has been the topic of several research analyst reports. BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, August 9th. Citigroup Inc. upped their price objective on Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Barclays PLC upped their price objective on Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Marsh & McLennan Companies currently has a consensus rating of “Buy” and an average target price of $84.39.

Marsh & McLennan Companies, Inc. (MMC) traded up $0.21 during trading hours on Monday, hitting $82.59. The company’s stock had a trading volume of 139,084 shares, compared to its average volume of 1,810,984. The stock has a market capitalization of $42,043.19, a P/E ratio of 21.91, a P/E/G ratio of 1.75 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12-month low of $63.47 and a 12-month high of $84.90. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.77.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, October 6th. This represents a $1.50 annualized dividend and a dividend yield of 1.82%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.10%.

In related news, Director Marc D. Oken bought 1,235 shares of the company’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the transaction, the director now directly owns 40,120 shares in the company, valued at approximately $3,245,306.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the sale, the senior vice president now owns 68,427 shares in the company, valued at approximately $5,290,091.37. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies 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.

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

Receive News & Ratings for Marsh & McLennan Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.