KLP Kapitalforvaltning AS Purchases 10,200 Shares of Marsh & McLennan Companies, Inc. $MMC

KLP Kapitalforvaltning AS raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,574 shares of the financial services provider’s stock after acquiring an additional 10,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Marsh & McLennan Companies were worth $45,384,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Parisi Gray Wealth Management acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $947,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after acquiring an additional 52,218 shares during the last quarter. LPL Financial LLC increased its position in Marsh & McLennan Companies by 9.9% during the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after acquiring an additional 29,247 shares during the period. Penserra Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 101.4% in the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 3,593 shares during the period. Finally, US Asset Management LLC grew its position in Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 1,284 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. UBS Group cut their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 21st. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price for the company. Finally, Weiss Ratings reiterated 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 given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $238.76.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s 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 directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Up 0.1%

Shares of MMC opened at $201.37 on Tuesday. The stock has a 50 day simple moving average of $202.86 and a 200-day simple moving average of $216.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market cap of $99.00 billion, a PE ratio of 24.15, a PEG ratio of 2.53 and a beta of 0.81. 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 results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations 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 was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.41 earnings per share. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

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.