Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,045 shares of the financial services provider's stock after buying an additional 3,089 shares during the period. Toronto Dominion Bank owned about 0.05% of Marsh & McLennan Companies worth $56,898,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $594,000. Coldstream Capital Management Inc. boosted its holdings in Marsh & McLennan Companies by 9.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,514 shares of the financial services provider's stock worth $2,571,000 after acquiring an additional 971 shares during the period. Geode Capital Management LLC grew its position in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth $1,758,000. Finally, Executive Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at $8,337,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded up $1.57 during midday trading on Thursday, hitting $215.92. The company's stock had a trading volume of 2,150,221 shares, compared to its average volume of 1,705,702. The firm has a market cap of $106.04 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.71 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $235.50. The firm's fifty day moving average price is $224.38 and its 200-day moving average price is $220.66. 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 posted its earnings results 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 company had revenue of $5.70 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies's payout ratio is 40.15%.

Analyst Ratings Changes

A number of equities analysts have commented on MMC shares. Wells Fargo & Company cut 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 report on Thursday, October 10th. BMO Capital Markets boosted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Finally, UBS Group raised 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 report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $228.13.

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.