Impax Asset Management Group plc Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Impax Asset Management Group plc lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,812,150 shares of the financial services provider’s stock after purchasing an additional 95,540 shares during the period. Marsh & McLennan Companies comprises 1.6% of Impax Asset Management Group plc’s portfolio, making the stock its 18th largest position. Impax Asset Management Group plc’s holdings in Marsh & McLennan Companies were worth $403,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services boosted its position in Marsh & McLennan Companies by 4.5% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 24,666 shares of the financial services provider’s stock valued at $5,503,000 after buying an additional 1,056 shares during the last quarter. TKG Advisors LLC boosted its holdings in Marsh & McLennan Companies by 2.5% in the third quarter. TKG Advisors LLC now owns 10,552 shares of the financial services provider’s stock valued at $2,354,000 after purchasing an additional 256 shares during the last quarter. QRG Capital Management Inc. grew its stake in Marsh & McLennan Companies by 0.8% during the 3rd quarter. QRG Capital Management Inc. now owns 97,297 shares of the financial services provider’s stock valued at $21,706,000 after purchasing an additional 782 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Marsh & McLennan Companies by 0.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 197,803 shares of the financial services provider’s stock worth $44,128,000 after purchasing an additional 1,333 shares during the last quarter. Finally, National Pension Service raised its holdings in Marsh & McLennan Companies by 11.7% in the third quarter. National Pension Service now owns 945,862 shares of the financial services provider’s stock valued at $211,012,000 after acquiring an additional 99,004 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm raised their price target 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. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Finally, 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 report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $225.33.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $0.89 during mid-day trading on Monday, hitting $219.99. 265,624 shares of the company’s stock traded hands, compared to its average volume of 1,671,947. The company has a market cap of $108.04 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 3.24 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. The firm has a 50 day moving average price of $225.16 and a 200 day moving average price of $216.54. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its 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 analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

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.