Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Forum Financial Management LP

Forum Financial Management LP boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,592 shares of the financial services provider’s stock after purchasing an additional 380 shares during the quarter. Forum Financial Management LP’s holdings in Marsh & McLennan Companies were worth $785,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MMC. Wellington Management Group LLP grew its position in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after buying an additional 4,505,548 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth approximately $1,038,594,000. Valeo Financial Advisors LLC grew its position in shares of Marsh & McLennan Companies by 48,212.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after buying an additional 2,623,745 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Marsh & McLennan Companies by 153.6% during the first quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock worth $578,517,000 after buying an additional 1,436,044 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Marsh & McLennan Companies by 5,035.9% during the second quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after buying an additional 793,052 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

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 value of $4,334,896.35. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective on the stock. UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Evercore ISI lowered their price target on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Morgan Stanley lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Finally, Wolfe Research initiated coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $234.07.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $188.04 on Friday. The company has a market cap of $92.12 billion, a P/E ratio of 22.55, a PEG ratio of 2.37 and a beta of 0.81. The stock has a fifty day moving average price of $201.58 and a 200 day moving average price of $212.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a 12 month low of $185.12 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the business earned $1.63 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, research 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio 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.