Nomura Asset Management Co. Ltd. Grows Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nomura Asset Management Co. Ltd. increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,027 shares of the financial services provider's stock after buying an additional 15,351 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Marsh & McLennan Companies worth $76,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. lifted its stake in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Crewe Advisors LLC raised its stake in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock worth $34,000 after buying an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock valued at $41,000 after buying an additional 171 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies during the second quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MMC. BMO Capital Markets lifted 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. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a research report on Friday, October 18th. Evercore ISI restated an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $227.60.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $5.10 during mid-day trading on Monday, hitting $220.06. 1,343,493 shares of the company traded hands, compared to its average volume of 1,693,695. The stock has a fifty day moving average price of $224.80 and a 200-day moving average price of $220.57. The stock has a market cap of $108.08 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.71 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The business 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 company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.57 earnings per share. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm 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 of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies's payout ratio is 40.15%.

Insider Activity 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 that occurred on 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 owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by insiders.

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.