Bank Pictet & Cie Europe AG Has $48.15 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Bank Pictet & Cie Europe AG raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 220,201 shares of the financial services provider’s stock after acquiring an additional 8,527 shares during the quarter. Marsh & McLennan Companies accounts for 1.0% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 28th biggest holding. Bank Pictet & Cie Europe AG’s holdings in Marsh & McLennan Companies were worth $48,145,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Knuff & Co LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $28,000. Activest Wealth Management raised its position in shares of Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the period. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $37,000. Finally, Capital Analysts LLC raised its position in shares of Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.9%

Shares of NYSE:MMC opened at $197.86 on Friday. The company has a market capitalization of $97.27 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The business has a fifty day moving average price of $204.11 and a two-hundred day moving average price of $218.02. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Analysts forecast 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 will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MMC. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. UBS Group lowered their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Barclays lowered their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Finally, Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target for the company. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $238.76.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.