Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,358 shares of the financial services provider’s stock after acquiring an additional 300 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Marsh & McLennan Companies were worth $953,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares during the period. Nuveen LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at $1,038,594,000. Valeo Financial Advisors LLC raised its position in Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of 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 worth $176,836,000 after purchasing an additional 793,052 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Marsh & McLennan Companies by 225.1% in the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after buying an additional 727,714 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of several recent research reports. 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. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $248.00 to $242.00 in a research report on Thursday, October 9th. Citigroup began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target for the company. Finally, Barclays cut their price objective on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Seven investment 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’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $228.63.

Marsh & McLennan Companies Trading Up 2.0%

NYSE MMC opened at $180.14 on Friday. The company’s fifty day moving average price is $195.49 and its two-hundred day moving average price is $209.35. The company has a market capitalization of $88.25 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. 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 (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.