Swiss National Bank Buys 9,200 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Swiss National Bank boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,464,900 shares of the financial services provider's stock after buying an additional 9,200 shares during the quarter. Swiss National Bank owned 0.30% of Marsh & McLennan Companies worth $326,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MMC. Price T Rowe Associates Inc. MD lifted its position in shares of Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider's stock valued at $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Legal & General Group Plc lifted 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 valued at $954,712,000 after purchasing an additional 223,257 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Marsh & McLennan Companies by 1.7% in the 2nd 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 period. Jensen Investment Management Inc. increased 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 purchasing an additional 40,182 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Marsh & McLennan Companies by 5.7% during the first quarter. Capital Research Global Investors now owns 2,262,010 shares of the financial services provider's stock valued at $465,929,000 after buying an additional 121,260 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MMC shares. Roth Mkm lifted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Royal Bank of Canada boosted 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 note on Friday, October 18th. Bank of America raised their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $225.33.

Marsh & McLennan Companies Stock Up 0.3 %

MMC stock traded up $0.64 during trading hours on Friday, hitting $222.14. The company's stock had a trading volume of 1,930,186 shares, compared to its average volume of 1,871,530. The stock has a 50 day moving average price of $224.31 and a two-hundred day moving average price of $218.15. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The company has a market capitalization of $109.10 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94. 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 (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, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 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. Shareholders 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 yield of 1.47%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Company 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.