Quantinno Capital Management LP Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Quantinno Capital Management LP lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 48.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,460 shares of the financial services provider's stock after buying an additional 10,298 shares during the quarter. Quantinno Capital Management LP's holdings in Marsh & McLennan Companies were worth $7,018,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised its position in Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock valued at $146,047,000 after purchasing an additional 679,474 shares during the last quarter. FMR LLC raised its position in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock valued at $200,718,000 after purchasing an additional 504,897 shares during the last quarter. International Assets Investment Management LLC raised its position in Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock valued at $95,430,000 after purchasing an additional 426,425 shares during the last quarter. Finally, Truist Financial Corp raised its position in Marsh & McLennan Companies by 93.9% in the 2nd quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider's stock valued at $160,563,000 after purchasing an additional 368,970 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

MMC has been the subject of several research reports. Bank of America upped their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Evercore ISI reissued an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, 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 on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $227.60.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $3.10 during trading hours on Friday, reaching $225.16. The company's stock had a trading volume of 1,311,267 shares, compared to its average volume of 1,767,823. The stock has a market cap of $110.58 billion, a PE ratio of 27.73, a PEG ratio of 2.76 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $235.50. The company's 50-day moving average is $224.80 and its two-hundred day moving average is $220.51. 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 issued its quarterly earnings data 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 firm had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.57 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies's payout ratio is 40.15%.

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 dated Wednesday, October 30th. The shares were 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. This 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 owned by corporate insiders.

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.