Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,451 shares of the financial services provider’s stock after purchasing an additional 106 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $324,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. CIBC Asset Management Inc lifted its stake in Marsh & McLennan Companies by 4.9% in the third quarter. CIBC Asset Management Inc now owns 96,867 shares of the financial services provider’s stock worth $21,600,000 after acquiring an additional 4,530 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Marsh & McLennan Companies by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,940 shares of the financial services provider’s stock worth $2,887,000 after buying an additional 1,147 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 3.7% in the 3rd quarter. Metis Global Partners LLC now owns 24,252 shares of the financial services provider’s stock valued at $5,410,000 after acquiring an additional 855 shares during the period. Wealthstream Advisors Inc. acquired a new position in Marsh & McLennan Companies in the third quarter valued at $213,000. Finally, Zions Bancorporation N.A. raised its stake in Marsh & McLennan Companies by 14.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 23,648 shares of the financial services provider’s stock valued at $5,276,000 after acquiring an additional 2,946 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Mkm upped their price objective 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. Bank of America lifted their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. 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. Finally, Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two 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. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $222.14 on Friday. The firm’s fifty day simple moving average is $224.31 and its 200 day simple moving average is $218.02. The firm has a market capitalization of $109.10 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.36 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated 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 transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

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.