AIA Group Ltd Purchases New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

AIA Group Ltd purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,200 shares of the financial services provider's stock, valued at approximately $3,837,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock valued at $146,047,000 after acquiring an additional 679,474 shares during the period. M&G Plc bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $118,353,000. Bristol Gate Capital Partners Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $95,139,000. International Assets Investment Management LLC lifted its position in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after purchasing an additional 426,425 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Marsh & McLennan Companies by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider's stock worth $2,188,348,000 after buying an additional 380,828 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $2.18 during trading hours on Friday, reaching $225.36. 2,102,109 shares of the company were exchanged, compared to its average volume of 1,686,466. The stock has a 50-day moving average of $224.95 and a 200 day moving average of $216.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The firm has a market cap of $110.68 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the business posted $1.57 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 target price on the stock. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. BMO Capital Markets lifted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Roth Mkm increased their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $225.33.

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.