OVERSEA CHINESE BANKING Corp Ltd Buys New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,652 shares of the financial services provider’s stock, valued at approximately $1,038,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at about $27,000. Carmichael Hill & Associates Inc. boosted its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Crewe Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of MMC opened at $225.64 on Thursday. The firm has a market cap of $110.82 billion, a P/E ratio of 27.79, a PEG ratio of 3.35 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The stock’s 50 day moving average is $224.68 and its two-hundred day moving average is $217.64. 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 issued its quarterly 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. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Two research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $225.33.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’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 value of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by company insiders.

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.