Bridges Investment Management Inc. Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bridges Investment Management Inc. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 44,339 shares of the financial services provider's stock, valued at approximately $9,892,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMC. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $27,000. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $31,000. Crewe Advisors LLC increased its position in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock worth $34,000 after acquiring an additional 80 shares during the last quarter. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock worth $41,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

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

Analysts Set New Price Targets

A number of brokerages have issued reports on MMC. Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. UBS Group upped their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research note on Thursday, October 10th. Finally, BMO Capital Markets increased 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $225.33.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded up $2.18 on Friday, hitting $225.36. The stock had a trading volume of 2,395,777 shares, compared to its average volume of 1,808,196. The company's 50-day moving average is $224.83 and its two-hundred day moving average is $217.07. The stock has a market cap of $110.68 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 3.32 and a beta of 0.94. 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, Inc. has a one year low of $184.28 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share 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 firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

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.