LGT Capital Partners LTD. Has $37.74 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

LGT Capital Partners LTD. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,180 shares of the financial services provider's stock after acquiring an additional 5,900 shares during the period. Marsh & McLennan Companies makes up 1.3% of LGT Capital Partners LTD.'s holdings, making the stock its 28th biggest holding. LGT Capital Partners LTD.'s holdings in Marsh & McLennan Companies were worth $37,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of 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 worth $146,047,000 after purchasing an additional 679,474 shares during the period. International Assets Investment Management LLC raised its stake in Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock valued at $95,430,000 after acquiring an additional 426,425 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Marsh & McLennan Companies by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider's stock valued at $2,188,348,000 after purchasing an additional 380,828 shares during the last quarter. Truist Financial Corp raised its position in shares of Marsh & McLennan Companies by 93.9% in the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider's stock valued at $160,563,000 after purchasing an additional 368,970 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 219.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider's stock worth $118,068,000 after buying an additional 363,569 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded down $3.05 during trading hours on Tuesday, hitting $220.62. The company's stock had a trading volume of 584,887 shares, compared to its average volume of 1,684,134. 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 twelve month low of $184.28 and a twelve month high of $232.32. The business has a fifty day moving average of $224.17 and a 200-day moving average of $218.32. The stock has a market cap of $108.35 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 3.30 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $5.71 billion. During the same period in the previous year, the company earned $1.57 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company 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. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio is currently 40.15%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Roth Mkm lifted 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. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 price target for the company. Wells Fargo & Company lowered 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 note on Thursday, October 10th. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $225.33.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business'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 sale, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.