Parnassus Investments LLC Purchases 85,754 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Parnassus Investments LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,274,880 shares of the financial services provider's stock after buying an additional 85,754 shares during the quarter. Marsh & McLennan Companies makes up approximately 2.0% of Parnassus Investments LLC's portfolio, making the stock its 18th biggest position. Parnassus Investments LLC owned about 0.87% of Marsh & McLennan Companies worth $953,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Marsh & McLennan Companies in the third quarter worth $46,714,000. LGT Capital Partners LTD. boosted its position in shares of Marsh & McLennan Companies by 3.6% during the third quarter. LGT Capital Partners LTD. now owns 169,180 shares of the financial services provider's stock valued at $37,742,000 after buying an additional 5,900 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 5.6% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,727 shares of the financial services provider's stock valued at $1,055,000 after buying an additional 249 shares during the last quarter. Prospera Financial Services Inc boosted its position in Marsh & McLennan Companies by 10.6% in the third quarter. Prospera Financial Services Inc now owns 2,525 shares of the financial services provider's stock worth $563,000 after purchasing an additional 241 shares during the last quarter. Finally, OneAscent Financial Services LLC purchased a new position in Marsh & McLennan Companies in the third quarter worth about $338,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

MMC traded down $2.94 during trading hours on Tuesday, hitting $220.73. 1,387,055 shares of the stock were exchanged, compared to its average volume of 1,687,715. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50-day simple moving average of $224.17 and a 200-day simple moving average of $218.32. The stock has a market cap of $108.40 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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 dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Analyst Upgrades and Downgrades

MMC has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a "sector perform" rating in a research note on Friday, October 18th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 price target on the stock. Finally, Roth Mkm upped their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $225.33.

Insider Transactions 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 stock was 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. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.