Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,424 shares of the financial services provider's stock after acquiring an additional 3,553 shares during the quarter. Sanctuary Advisors LLC's holdings in Marsh & McLennan Companies were worth $19,461,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in MMC. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Marsh & McLennan Companies during the second quarter valued at $3,710,000. Czech National Bank boosted its position in Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider's stock worth $22,348,000 after acquiring an additional 6,282 shares during the last quarter. Raymond James & Associates raised its holdings in Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider's stock valued at $195,003,000 after acquiring an additional 23,133 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the period. Finally, Kinsale Capital Group Inc. grew its position in shares of Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after purchasing an additional 3,880 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 0.6 %

Shares of MMC traded down $1.36 during mid-day trading on Friday, reaching $214.56. 604,340 shares of the stock traded hands, compared to its average volume of 1,701,035. The firm has a market cap of $105.37 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 2.58 and a beta of 0.94. The stock has a fifty day simple moving average of $224.26 and a 200 day simple moving average of $220.62. 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 12-month low of $184.28 and a 12-month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data 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. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the previous year, the business posted $1.57 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's payout ratio is 40.15%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MMC. BMO Capital Markets raised their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Bank of America upped their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $228.13.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of 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 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Company 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.