Geode Capital Management LLC Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Geode Capital Management LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,905,431 shares of the financial services provider's stock after buying an additional 251,361 shares during the period. Geode Capital Management LLC owned 2.42% of Marsh & McLennan Companies worth $2,648,304,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MMC. FMR LLC boosted its position in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Marsh & McLennan Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider's stock worth $954,712,000 after buying an additional 223,257 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.0% during the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider's stock worth $953,683,000 after acquiring an additional 85,754 shares during the last quarter. Clearbridge Investments LLC grew its position in Marsh & McLennan Companies by 1.7% in the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider's stock worth $718,368,000 after acquiring an additional 58,461 shares in the last quarter. Finally, Jensen Investment Management Inc. raised its position in Marsh & McLennan Companies by 1.3% during the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider's stock valued at $679,837,000 after purchasing an additional 40,182 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a "sell" rating in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, UBS Group increased their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $227.60.

Marsh & McLennan Companies Stock Down 1.2 %

MMC traded down $2.58 during trading on Tuesday, reaching $215.59. The stock had a trading volume of 2,357,334 shares, compared to its average volume of 1,702,894. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50. The company has a market capitalization of $105.88 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.71 and a beta of 0.94. 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 stock's 50 day moving average is $224.70 and its two-hundred day moving average is $220.65.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping 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 business 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 firm posted $1.57 earnings per share. Marsh & McLennan Companies's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 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. Shareholders of record on Friday, October 4th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

Insider Transactions at Marsh & McLennan Companies

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 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. The trade was a 4.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% 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.