Sumitomo Mitsui DS Asset Management Company Ltd Has $18.46 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,586 shares of the financial services provider’s stock after selling 19,415 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Marsh & McLennan Companies were worth $18,457,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jennison Associates LLC increased its holdings 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 purchasing an additional 727,714 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after buying an additional 837,117 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Marsh & McLennan Companies by 18.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after acquiring an additional 34,400 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings 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 acquiring an additional 2,623,745 shares during the last quarter. Finally, Shell Asset Management Co. raised its holdings in Marsh & McLennan Companies by 48.6% during the 2nd quarter. Shell Asset Management Co. now owns 8,577 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 2,806 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.5%

NYSE MMC opened at $185.94 on Friday. 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 50-day moving average is $183.18 and its 200-day moving average is $196.30. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00. The firm has a market cap of $91.09 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.92 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Morgan Stanley dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Mizuho started coverage on Marsh & McLennan Companies in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.41.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.