Navera Investment Management Ltd. Has $327.30 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Navera Investment Management Ltd. lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.0% in the third quarter, Holdings Channel reports. The fund owned 1,623,960 shares of the financial services provider’s stock after purchasing an additional 105,954 shares during the quarter. Marsh & McLennan Companies makes up 6.3% of Navera Investment Management Ltd.’s holdings, making the stock its 3rd biggest holding. Navera Investment Management Ltd.’s holdings in Marsh & McLennan Companies were worth $327,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Marsh & McLennan Companies by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after acquiring an additional 837,117 shares in the last quarter. Geode Capital Management LLC grew its position in Marsh & McLennan Companies by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after purchasing an additional 196,475 shares during the period. Norges Bank purchased a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $1,328,587,000. Artisan Partners Limited Partnership boosted its stake in shares of Marsh & McLennan Companies by 0.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock worth $752,877,000 after acquiring an additional 32,118 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Marsh & McLennan Companies by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock valued at $634,405,000 after acquiring an additional 43,462 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

The company has a fifty day simple moving average of $183.63 and a 200-day simple moving average of $195.11. The stock has a market cap of $89.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations 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 was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MMC shares. Cantor Fitzgerald decreased their price objective on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday. TD Cowen reduced their price objective on shares of 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. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Morgan Stanley reduced their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $218.82.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.