Point72 Hong Kong Ltd Has $7.62 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Point72 Hong Kong Ltd increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 722.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,137 shares of the financial services provider's stock after buying an additional 29,987 shares during the quarter. Point72 Hong Kong Ltd's holdings in Marsh & McLennan Companies were worth $7,616,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MMC. Erste Asset Management GmbH purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $76,424,000. Edgestream Partners L.P. boosted its holdings in Marsh & McLennan Companies by 632.2% during the 3rd quarter. Edgestream Partners L.P. now owns 17,104 shares of the financial services provider's stock valued at $3,816,000 after acquiring an additional 14,768 shares during the period. Captrust Financial Advisors grew its position in Marsh & McLennan Companies by 4.6% in the 3rd quarter. Captrust Financial Advisors now owns 112,830 shares of the financial services provider's stock valued at $25,171,000 after acquiring an additional 5,002 shares during the last quarter. Icon Wealth Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 7.5% during the third quarter. Icon Wealth Advisors LLC now owns 12,637 shares of the financial services provider's stock worth $2,819,000 after purchasing an additional 878 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Marsh & McLennan Companies by 3.1% during the third quarter. Hantz Financial Services Inc. now owns 17,249 shares of the financial services provider's stock valued at $3,848,000 after purchasing an additional 516 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MMC shares. 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 report on Tuesday, October 22nd. Wells Fargo & Company lowered their price target on 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 raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped 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. Finally, Royal Bank of Canada raised their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $227.60.

Marsh & McLennan Companies Trading Down 0.0 %

Shares of NYSE MMC traded down $0.01 on Friday, reaching $233.23. 904,324 shares of the company traded hands, compared to its average volume of 1,842,780. The company has a 50 day moving average of $224.26 and a 200 day moving average of $219.79. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $114.54 billion, a PE ratio of 28.72, a P/E/G ratio of 2.81 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion during 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 business's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 yield of 1.40%. Marsh & McLennan Companies's dividend payout ratio is presently 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.