Unigestion Holding SA trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,375 shares of the financial services provider's stock after selling 33,223 shares during the period. Marsh & McLennan Companies makes up 2.6% of Unigestion Holding SA's investment portfolio, making the stock its 5th largest holding. Unigestion Holding SA's holdings in Marsh & McLennan Companies were worth $52,956,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after purchasing an additional 518,185 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Legal & General Group Plc increased its position 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 worth $954,712,000 after purchasing an additional 223,257 shares in the last quarter. Parnassus Investments LLC grew its stake in Marsh & McLennan Companies by 2.0% during the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider's stock worth $953,683,000 after buying an additional 85,754 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Marsh & McLennan Companies by 1.7% in the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider's stock worth $718,368,000 after acquiring an additional 58,461 shares in the last quarter. Institutional investors own 87.99% of the company's stock.
Marsh & McLennan Companies Stock Down 0.6 %
Shares of NYSE:MMC traded down $1.25 during midday trading on Wednesday, reaching $214.34. The company had a trading volume of 1,922,681 shares, compared to its average volume of 1,703,832. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $105.27 billion, a PE ratio of 26.54, 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 business's 50 day moving average price is $224.55 and its 200 day moving average price is $220.70.
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. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business's quarterly revenue was up 5.9% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.
Marsh & McLennan Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.
Insider Buying and Selling
In related news, Director Oscar Fanjul sold 2,500 shares of the company'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 transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on MMC. Wells Fargo & Company reduced their price objective on 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. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Evercore ISI restated an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. Two investment 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $227.60.
Read Our Latest Research Report on MMC
About Marsh & McLennan Companies
(
Free Report)
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.
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