Bleakley Financial Group LLC Purchases 199 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bleakley Financial Group LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the third quarter, Holdings Channel.com reports. The fund owned 30,182 shares of the financial services provider’s stock after acquiring an additional 199 shares during the quarter. Bleakley Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $6,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $3,710,000. Czech National Bank raised its stake in shares of Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after acquiring an additional 6,282 shares in the last quarter. Raymond James & Associates raised its stake in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after acquiring an additional 23,133 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Marsh & McLennan Companies by 12.4% during the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock worth $187,218,000 after acquiring an additional 100,378 shares in the last quarter. Finally, Kinsale Capital Group Inc. raised its stake in shares of Marsh & McLennan Companies by 26.8% during the first quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 3,984 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on MMC. Wells Fargo & Company decreased their price target on shares of 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. Bank of America lifted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. 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. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada lifted their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $216.69.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $227.00 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The business’s fifty day simple moving average is $225.19 and its two-hundred day simple moving average is $214.77. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32. The firm has a market cap of $111.85 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Insider Transactions at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,566 shares of company stock worth $4,420,137 over the last three months. 0.30% of the stock is currently owned by insiders.

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.