Te Ahumairangi Investment Management Ltd Buys 3,646 Shares of Marsh & McLennan Companies, Inc. $MMC

Te Ahumairangi Investment Management Ltd increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,107 shares of the financial services provider’s stock after purchasing an additional 3,646 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $3,522,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MMC. Brighton Jones LLC raised its stake in 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 worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 869 shares during the period. AE Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 16.8% in the 1st quarter. AE Wealth Management LLC now owns 3,513 shares of the financial services provider’s stock worth $857,000 after acquiring an additional 506 shares in the last quarter. LPL Financial LLC boosted 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 valued at $78,662,000 after purchasing an additional 29,247 shares in the last quarter. Finally, Norden Group LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at about $224,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $181.94 on Wednesday. The company has a market cap of $89.14 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s fifty day moving average price is $190.25 and its 200 day moving average price is $205.50. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.Marsh & McLennan Companies’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This trade 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 at this hyperlink. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MMC. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Barclays upgraded shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $221.00 to $206.00 in a research note on Thursday, November 20th. UBS Group reduced their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday. They issued a “sector perform” rating and a $200.00 price objective for the company. Finally, The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their target price for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $224.56.

Marsh & McLennan Companies 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.