Los Angeles Capital Management LLC Acquires 363,569 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Los Angeles Capital Management LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 219.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,239 shares of the financial services provider's stock after purchasing an additional 363,569 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of Marsh & McLennan Companies worth $118,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock worth $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 in the first quarter worth $118,353,000. Bristol Gate Capital Partners Inc. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $95,139,000. International Assets Investment Management LLC grew its holdings in shares of 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 acquiring an additional 426,425 shares during the period. Finally, Price T Rowe Associates Inc. MD grew 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 period. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $2.18 during mid-day trading on Friday, reaching $225.36. The stock had a trading volume of 2,395,777 shares, compared to its average volume of 1,838,065. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $110.68 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32. The business's 50 day moving average price is $224.83 and its 200 day moving average price is $217.18.

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

Marsh & McLennan Companies Dividend Announcement

The company 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 $0.815 dividend. 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 is currently 40.15%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now directly owns 48,549 shares of the company's stock, valued at $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on MMC. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a "sell" rating in a report on Friday, October 18th. Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 price target for the company. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.