Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7,868.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,183 shares of the financial services provider's stock after purchasing an additional 14,005 shares during the period. Quest Partners LLC's holdings in Marsh & McLennan Companies were worth $3,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rockport Wealth LLC acquired a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $257,000. O Shaughnessy Asset Management LLC lifted its position in shares of Marsh & McLennan Companies by 8.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 68,383 shares of the financial services provider's stock worth $14,086,000 after purchasing an additional 5,554 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of Marsh & McLennan Companies by 184.2% during the first quarter. UniSuper Management Pty Ltd now owns 11,198 shares of the financial services provider's stock worth $2,307,000 after purchasing an additional 7,258 shares in the last quarter. Bessemer Group Inc. increased its holdings in Marsh & McLennan Companies by 109.0% in the first quarter. Bessemer Group Inc. now owns 26,454 shares of the financial services provider's stock valued at $5,449,000 after buying an additional 13,797 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Marsh & McLennan Companies by 30.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 5,136 shares of the financial services provider's stock worth $1,058,000 after buying an additional 1,199 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC traded up $1.53 during mid-day trading on Monday, hitting $223.67. The company's stock had a trading volume of 1,659,388 shares, compared to its average volume of 1,688,947. The firm has a 50-day simple moving average of $224.17 and a 200 day simple moving average of $218.32. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The firm has a market capitalization of $109.85 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.30 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate 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 net margin of 16.82% and a return on equity of 32.65%. The business's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal 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 given a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. Marsh & McLennan Companies's payout ratio is 40.15%.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business'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 sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several research analyst reports. Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 target price on the stock. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Bank of America increased their target price 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. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 10th. Two 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. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $225.33.

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.