Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Increased by nVerses Capital LLC

nVerses Capital LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the financial services provider’s stock after purchasing an additional 700 shares during the period. Marsh & McLennan Companies makes up approximately 0.5% of nVerses Capital LLC’s holdings, making the stock its 11th biggest position. nVerses Capital LLC’s holdings in Marsh & McLennan Companies were worth $1,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in Marsh & McLennan Companies by 4,991.4% during the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after purchasing an additional 679,474 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Marsh & McLennan Companies by 229.6% in the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after buying an additional 649,505 shares in the last quarter. M&G Plc acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $118,353,000. Bristol Gate Capital Partners Inc. acquired a new position in Marsh & McLennan Companies during the first quarter worth about $95,139,000. Finally, SG Americas Securities LLC raised its position in Marsh & McLennan Companies by 2,623.1% in the first quarter. SG Americas Securities LLC now owns 467,891 shares of the financial services provider’s stock worth $96,376,000 after acquiring an additional 450,709 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,566 shares of company stock worth $4,420,137. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MMC shares. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada raised their price objective on 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. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Bank of America lifted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $216.69.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of NYSE:MMC traded up $0.56 during midday trading on Thursday, hitting $228.47. 710,443 shares of the stock were exchanged, compared to its average volume of 1,661,113. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The business’s fifty day simple moving average is $225.04 and its two-hundred day simple moving average is $214.68. The company has a market capitalization of $112.57 billion, a PE ratio of 28.92, a P/E/G ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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 firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

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.