Marsh & McLennan Companies, Inc. $MMC Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 286,519 shares of the financial services provider’s stock after acquiring an additional 54,179 shares during the period. AMF Tjanstepension AB’s holdings in Marsh & McLennan Companies were worth $62,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $28,000. Activest Wealth Management lifted its holdings in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares in the last quarter. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $37,000. Finally, Capital Analysts LLC grew its stake in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MMC. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target for the company. Barclays lowered their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Saturday, September 27th. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $238.76.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 0.8%

Shares of Marsh & McLennan Companies stock opened at $201.25 on Friday. 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 business has a 50-day moving average price of $202.96 and a 200 day moving average price of $216.74. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00. The firm has a market cap of $98.94 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.51 and a beta of 0.81.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.