Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,812,150 shares of the financial services provider's stock after buying an additional 95,540 shares during the period. Marsh & McLennan Companies accounts for approximately 1.6% of Impax Asset Management Group plc's holdings, making the stock its 18th biggest position. Impax Asset Management Group plc owned about 0.37% of Marsh & McLennan Companies worth $403,200,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock worth $146,047,000 after purchasing an additional 679,474 shares in the last quarter. M&G Plc bought a new stake in Marsh & McLennan Companies during the 1st quarter valued at about $118,353,000. Bristol Gate Capital Partners Inc. bought a new position in Marsh & McLennan Companies in the first quarter worth about $95,139,000. SG Americas Securities LLC lifted its position in shares of Marsh & McLennan Companies by 2,623.1% during the first quarter. SG Americas Securities LLC now owns 467,891 shares of the financial services provider's stock valued at $96,376,000 after buying an additional 450,709 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after buying an additional 426,425 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MMC. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, July 11th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. Wells Fargo & Company cut their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a report on Thursday, October 10th. Finally, Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $225.33.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $2.06 during trading hours on Monday, reaching $221.16. 1,641,461 shares of the company's stock were exchanged, compared to its average volume of 1,678,406. The business has a fifty day moving average of $225.16 and a two-hundred day moving average of $216.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $108.62 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 3.24 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.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share 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 business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the company posted $1.57 EPS. The business's revenue was up 5.9% on a year-over-year basis. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

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.