Public Employees Retirement System of Ohio Buys 3,771 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Public Employees Retirement System of Ohio grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,468 shares of the financial services provider's stock after buying an additional 3,771 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Marsh & McLennan Companies worth $56,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after purchasing an additional 45 shares during the period. Kingfisher Capital LLC grew its stake in Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock valued at $220,000 after buying an additional 47 shares in the last quarter. Drive Wealth Management LLC grew its stake in Marsh & McLennan Companies by 3.7% in the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock valued at $291,000 after buying an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in shares of Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock valued at $468,000 after purchasing an additional 49 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Marsh & McLennan Companies by 0.6% during the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock valued at $1,887,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Performance

MMC traded down $6.19 during trading on Monday, hitting $218.97. The company's stock had a trading volume of 1,670,766 shares, compared to its average volume of 1,694,930. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50. The firm has a market cap of $107.54 billion, a PE ratio of 27.73, a P/E/G ratio of 2.71 and a beta of 0.94. The business's 50 day simple moving average is $224.80 and its 200-day simple moving average is $220.57.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5.70 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 earnings per share. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 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 yield of 1.49%. Marsh & McLennan Companies's payout ratio is currently 40.15%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MMC. Evercore ISI reiterated an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target 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, UBS Group boosted 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. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $227.60.

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.