Oddo BHF Asset Management Sas Buys New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Oddo BHF Asset Management Sas bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,281 shares of the financial services provider's stock, valued at approximately $2,294,000.

A number of other large investors have also added to or reduced their stakes in MMC. Synovus Financial Corp raised its stake in shares of Marsh & McLennan Companies by 3.0% during the 3rd quarter. Synovus Financial Corp now owns 29,970 shares of the financial services provider's stock worth $6,686,000 after acquiring an additional 873 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 17.2% during the 3rd quarter. Tidal Investments LLC now owns 13,013 shares of the financial services provider's stock valued at $2,903,000 after purchasing an additional 1,911 shares during the last quarter. Destination Wealth Management boosted its position in shares of Marsh & McLennan Companies by 19.4% in the 3rd quarter. Destination Wealth Management now owns 1,159 shares of the financial services provider's stock worth $259,000 after purchasing an additional 188 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Marsh & McLennan Companies by 204.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,640 shares of the financial services provider's stock worth $1,927,000 after purchasing an additional 5,799 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $206,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Roth Mkm raised their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $228.13.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction 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 transaction, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded down $0.85 during trading hours on Friday, reaching $215.07. The company had a trading volume of 1,520,297 shares, compared to its average volume of 1,704,935. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $235.50. The company has a market capitalization of $105.63 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.58 and a beta of 0.94. 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 stock has a fifty day moving average of $224.12 and a 200-day moving average of $220.67.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the company earned $1.57 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.52%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

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.