Daiwa Securities Group Inc. Has $13.45 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Daiwa Securities Group Inc. grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,287 shares of the financial services provider’s stock after purchasing an additional 6,471 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Marsh & McLennan Companies were worth $13,449,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth $3,710,000. Czech National Bank raised its stake in Marsh & McLennan Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after buying an additional 6,282 shares during the period. Raymond James & Associates raised its stake in Marsh & McLennan Companies by 2.6% during the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after buying an additional 23,133 shares during the period. Cetera Investment Advisers raised its stake in Marsh & McLennan Companies by 236.7% during the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock worth $11,431,000 after buying an additional 39,013 shares during the period. Finally, Kinsale Capital Group Inc. raised its stake in Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after buying an additional 3,880 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on MMC. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. UBS Group lifted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Two investment 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’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $226.00.

Marsh & McLennan Companies Trading Up 1.5 %

Marsh & McLennan Companies stock opened at $227.82 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The stock has a market capitalization of $111.89 billion, a P/E ratio of 28.06, a PEG ratio of 3.39 and a beta of 0.94. The stock has a 50-day simple moving average of $223.67 and a 200 day simple moving average of $218.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.