261 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, HoldingsChannel reports. The firm bought 261 shares of the financial services provider’s stock, valued at approximately $55,000.

Several other hedge funds also recently made changes to their positions in MMC. Norges Bank bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $1,048,077,000. Price T Rowe Associates Inc. MD boosted its position in Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after purchasing an additional 2,526,701 shares during the period. Assenagon Asset Management S.A. grew its stake in Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after buying an additional 679,474 shares during the last quarter. Jennison Associates LLC increased its position in Marsh & McLennan Companies by 229.6% in the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after buying an additional 649,505 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in Marsh & McLennan Companies by 322.7% in the fourth quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock valued at $144,232,000 after buying an additional 581,131 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the subject of several recent research reports. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Bank of America lifted their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $229.68 on Friday. The firm has a 50-day moving average of $222.17 and a two-hundred day moving average of $211.48. The company has a market capitalization of $112.95 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 3.20 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.