PNC Financial Services Group Inc. Has $131.06 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

PNC Financial Services Group Inc. raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,472 shares of the financial services provider's stock after purchasing an additional 21,181 shares during the quarter. PNC Financial Services Group Inc. owned about 0.12% of Marsh & McLennan Companies worth $131,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMC. Bessemer Group Inc. lifted its position in shares of Marsh & McLennan Companies by 109.0% during the first quarter. Bessemer Group Inc. now owns 26,454 shares of the financial services provider's stock worth $5,449,000 after purchasing an additional 13,797 shares in the last quarter. Vident Advisory LLC increased its position in shares of Marsh & McLennan Companies by 156.5% during the first quarter. Vident Advisory LLC now owns 30,056 shares of the financial services provider's stock worth $6,191,000 after acquiring an additional 18,340 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $2,790,000. Wellington Wealth Strategies LLC. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $291,000. Finally, Axxcess Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 3.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 21,926 shares of the financial services provider's stock worth $4,516,000 after purchasing an additional 813 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group upped 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 note on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a "sell" rating in a research note on Friday, October 18th. UBS Group increased their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $225.33.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded up $1.23 on Wednesday, hitting $221.96. The company's stock had a trading volume of 1,656,164 shares, compared to its average volume of 1,688,139. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The stock's 50-day moving average is $223.81 and its two-hundred day moving average is $218.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $109.01 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94.

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 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 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 previous year, the firm earned $1.57 EPS. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.35% of the company's stock.

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.