Point72 Asia Singapore Pte. Ltd. Purchases 3,791 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1,634.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,023 shares of the financial services provider's stock after acquiring an additional 3,791 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Marsh & McLennan Companies were worth $897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Marsh & McLennan Companies by 5.2% during the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider's stock worth $954,712,000 after purchasing an additional 223,257 shares in the last quarter. Parnassus Investments LLC increased its position in shares of Marsh & McLennan Companies by 2.0% in the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider's stock worth $953,683,000 after purchasing an additional 85,754 shares during the last quarter. Clearbridge Investments LLC lifted its position in Marsh & McLennan Companies by 1.7% during the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider's stock valued at $718,368,000 after purchasing an additional 58,461 shares during the last quarter. Finally, Jensen Investment Management Inc. grew its stake in Marsh & McLennan Companies by 1.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider's stock worth $679,837,000 after buying an additional 40,182 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a report on Friday, October 18th. Bank of America lifted their price target 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. Finally, Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $227.60.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock traded down $0.83 during trading on Monday, hitting $232.40. The company's stock had a trading volume of 594,226 shares, compared to its average volume of 1,691,381. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $235.50. The company has a market capitalization of $114.14 billion, a PE ratio of 28.57, a P/E/G ratio of 2.81 and a beta of 0.94. The company has a fifty day simple moving average of $224.26 and a two-hundred day simple moving average of $219.89. 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 announced its 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 during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. Marsh & McLennan Companies's payout ratio 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.