3,165 Shares in Marsh & McLennan Companies, Inc. $MMC Purchased by Portland Global Advisors LLC

Portland Global Advisors LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,165 shares of the financial services provider’s stock, valued at approximately $692,000.

Other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in Marsh & McLennan Companies by 225.1% in the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after purchasing an additional 727,714 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after buying an additional 837,117 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Marsh & McLennan Companies by 18.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after acquiring an additional 34,400 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Marsh & McLennan Companies by 48,212.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after acquiring an additional 2,623,745 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in Marsh & McLennan Companies by 48.6% in the 2nd quarter. Shell Asset Management Co. now owns 8,577 shares of the financial services provider’s stock worth $1,875,000 after purchasing an additional 2,806 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MMC shares. Royal Bank Of Canada began coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target for the company. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target on the stock. Barclays raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $221.00 to $206.00 in a research report on Thursday, November 20th. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Finally, Bank of America reissued an “underperform” rating and issued a $181.00 price target (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.00.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.4%

Shares of NYSE MMC opened at $183.08 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The business’s 50 day moving average is $188.27 and its two-hundred day moving average is $203.70. The firm has a market cap of $89.69 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.16 and a beta of 0.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were issued a $0.90 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.