ING Groep NV Decreases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

ING Groep NV reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 59.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 24,786 shares of the financial services provider's stock after selling 36,157 shares during the period. ING Groep NV's holdings in Marsh & McLennan Companies were worth $5,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $27,000. Blair William & Co. IL increased its holdings in shares of Marsh & McLennan Companies by 0.4% during the first quarter. Blair William & Co. IL now owns 40,912 shares of the financial services provider's stock worth $8,427,000 after purchasing an additional 166 shares during the period. Nicolet Advisory Services LLC increased its holdings in shares of Marsh & McLennan Companies by 7.2% during the first quarter. Nicolet Advisory Services LLC now owns 2,162 shares of the financial services provider's stock worth $442,000 after purchasing an additional 145 shares during the period. Spirepoint Private Client LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $630,000. Finally, Edgestream Partners L.P. boosted its position in shares of Marsh & McLennan Companies by 2,032.4% during the 1st quarter. Edgestream Partners L.P. now owns 24,075 shares of the financial services provider's stock worth $4,959,000 after acquiring an additional 22,946 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.3 %

MMC traded up $0.64 during trading on Friday, reaching $222.14. 1,930,186 shares of the stock traded hands, compared to its average volume of 1,689,079. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $109.10 billion, a PE ratio of 27.36, a P/E/G ratio of 3.36 and a beta of 0.94. The stock's 50-day moving average is $224.31 and its 200 day moving average is $217.89. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. Equities 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 was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio is presently 40.15%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % 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. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MMC. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 10th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $236.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $225.33.

About Marsh & McLennan Companies

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.