Y Intercept Hong Kong Ltd Has $3.47 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Y Intercept Hong Kong Ltd raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 49.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,552 shares of the financial services provider's stock after purchasing an additional 5,112 shares during the period. Y Intercept Hong Kong Ltd's holdings in Marsh & McLennan Companies were worth $3,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $209,000. Diversified Trust Co raised its stake in shares of Marsh & McLennan Companies by 56.1% in the 2nd quarter. Diversified Trust Co now owns 25,553 shares of the financial services provider's stock worth $5,385,000 after buying an additional 9,184 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in shares of Marsh & McLennan Companies by 0.4% in the second quarter. Ipswich Investment Management Co. Inc. now owns 33,733 shares of the financial services provider's stock valued at $7,108,000 after buying an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Marsh & McLennan Companies by 14.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 61,972 shares of the financial services provider's stock valued at $13,059,000 after buying an additional 7,735 shares in the last quarter. Finally, James Hambro & Partners raised its position in Marsh & McLennan Companies by 36.7% in the second quarter. James Hambro & Partners now owns 2,486 shares of the financial services provider's stock worth $524,000 after acquiring an additional 667 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

MMC has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI reiterated an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $227.60.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the 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 completion of the sale, the director now directly owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Down 3.1 %

MMC stock traded down $6.99 during midday trading on Monday, reaching $218.17. The company had a trading volume of 2,842,315 shares, compared to its average volume of 1,700,133. The company has a market capitalization of $107.15 billion, a P/E ratio of 26.87, a PEG 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 company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $224.70 and a two-hundred day moving average of $220.65.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the company earned $1.57 EPS. The firm's revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share 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. Shareholders of record on Friday, October 4th were given a $0.815 dividend. 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 1.49%. Marsh & McLennan Companies's dividend payout ratio is currently 40.15%.

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.