Thrivent Financial for Lutherans Buys 173,039 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Thrivent Financial for Lutherans lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 102.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,190 shares of the financial services provider's stock after acquiring an additional 173,039 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Marsh & McLennan Companies worth $76,339,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MMC. Rockport Wealth LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $257,000. O Shaughnessy Asset Management LLC grew its position in shares of Marsh & McLennan Companies by 8.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 68,383 shares of the financial services provider's stock valued at $14,086,000 after acquiring an additional 5,554 shares during the period. UniSuper Management Pty Ltd lifted its stake in shares of Marsh & McLennan Companies by 184.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 11,198 shares of the financial services provider's stock worth $2,307,000 after buying an additional 7,258 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 109.0% during the 1st quarter. Bessemer Group Inc. now owns 26,454 shares of the financial services provider's stock worth $5,449,000 after buying an additional 13,797 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in shares of 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. Institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $1.53 during midday trading on Monday, hitting $223.67. 1,659,388 shares of the company traded hands, compared to its average volume of 1,688,947. The stock has a market cap of $109.85 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The firm's fifty day moving average price is $224.31 and its 200-day moving average price is $218.15. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 presently 40.15%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MMC shares. Roth Mkm raised 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 note on Friday, October 18th. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. UBS Group lifted their price objective 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. 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 for the company in a research note on Thursday, October 10th. Finally, Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $236.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has an average 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.