M&G PLC Has $6.04 Million Stake in Marsh & McLennan Companies, Inc. $MMC

M&G PLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,571 shares of the financial services provider’s stock after purchasing an additional 3,068 shares during the period. M&G PLC’s holdings in Marsh & McLennan Companies were worth $6,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of MMC. Wellington Management Group LLP raised its position in shares of Marsh & McLennan Companies by 54.2% in the first 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 buying an additional 4,505,548 shares in the last quarter. Nuveen LLC acquired a new stake in Marsh & McLennan Companies during the first quarter worth about $1,038,594,000. Valeo Financial Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after acquiring an additional 2,623,745 shares during the period. Assenagon Asset Management S.A. increased its stake in Marsh & McLennan Companies by 5,035.9% in the second quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after acquiring an additional 793,052 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Marsh & McLennan Companies by 225.1% during the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after purchasing an additional 727,714 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $182.74 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The stock’s 50 day moving average price is $194.02 and its two-hundred day moving average price is $208.48. The stock has a market capitalization of $89.53 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.25 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is 43.17%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MMC. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Wells Fargo & Company lowered their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target for the company. Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Finally, Wolfe Research started coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $228.63.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.