B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 209,394 shares of the financial services provider's stock, valued at approximately $46,714,000.

Other hedge funds also recently modified their holdings of the company. LGT Capital Partners LTD. lifted its stake in Marsh & McLennan Companies by 3.6% in the third quarter. LGT Capital Partners LTD. now owns 169,180 shares of the financial services provider's stock valued at $37,742,000 after buying an additional 5,900 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Marsh & McLennan Companies by 5.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,727 shares of the financial services provider's stock valued at $1,055,000 after acquiring an additional 249 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Marsh & McLennan Companies by 10.6% in the 3rd quarter. Prospera Financial Services Inc now owns 2,525 shares of the financial services provider's stock worth $563,000 after purchasing an additional 241 shares during the period. OneAscent Financial Services LLC bought a new position in Marsh & McLennan Companies during the 3rd quarter worth about $338,000. Finally, Caprock Group LLC lifted its holdings in shares of Marsh & McLennan Companies by 5.1% in the third quarter. Caprock Group LLC now owns 13,267 shares of the financial services provider's stock valued at $2,960,000 after purchasing an additional 649 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Barclays started coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $236.00 price target for the company. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and a consensus price target of $225.33.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $2.94 during trading on Tuesday, reaching $220.73. The company's stock had a trading volume of 1,387,055 shares, compared to its average volume of 1,687,715. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The firm has a market cap of $108.40 billion, a PE ratio of 27.55, a P/E/G ratio of 3.30 and a beta of 0.94. The business's 50-day moving average price is $224.17 and its 200-day moving average price is $218.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. Marsh & McLennan Companies's payout ratio is 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other 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 transaction, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company's stock.

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.