Primecap Management Co. CA Sells 44,400 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Primecap Management Co. CA lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,687,926 shares of the financial services provider’s stock after selling 44,400 shares during the period. Primecap Management Co. CA’s holdings in Marsh & McLennan Companies were worth $655,935,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MMC. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $37,178,000. Federated Hermes Inc. lifted its position in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 16,415 shares of the financial services provider’s stock valued at $3,487,000 after acquiring an additional 161 shares in the last quarter. Invesco Ltd. lifted its position in shares of Marsh & McLennan Companies by 10.1% in the fourth quarter. Invesco Ltd. now owns 2,827,608 shares of the financial services provider’s stock valued at $600,612,000 after acquiring an additional 258,384 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Marsh & McLennan Companies by 81.0% in the fourth quarter. Bank of Nova Scotia now owns 257,810 shares of the financial services provider’s stock valued at $54,761,000 after acquiring an additional 115,336 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Friday, July 18th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group decreased their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Finally, Barclays decreased their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $239.79.

Marsh & McLennan Companies Stock Up 0.7%

Marsh & McLennan Companies stock opened at $200.45 on Wednesday. The business has a fifty day moving average of $215.40 and a two-hundred day moving average of $224.12. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $98.55 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.41 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a twelve month low of $196.27 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be paid a $0.90 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 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.