Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Veritas Investment Partners UK Ltd.

Veritas Investment Partners UK Ltd. lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,201,581 shares of the financial services provider’s stock after selling 30,110 shares during the quarter. Marsh & McLennan Companies makes up about 6.1% of Veritas Investment Partners UK Ltd.’s portfolio, making the stock its biggest holding. Veritas Investment Partners UK Ltd.’s holdings in Marsh & McLennan Companies were worth $228,676,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MMC. OFI Invest Asset Management acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $28,000. RVW Wealth LLC purchased a new position in Marsh & McLennan Companies during the third quarter worth approximately $32,000. Jones Financial Companies Lllp boosted its stake in Marsh & McLennan Companies by 40.5% during the second quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock worth $35,000 after buying an additional 53 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new stake in Marsh & McLennan Companies during the second quarter worth about $36,000. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $39,000. 86.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a report on Tuesday, January 30th. Raymond James upped their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. TD Cowen initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price target for the company. Finally, Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $202.71.

View Our Latest Stock Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded up $1.09 during mid-day trading on Thursday, reaching $196.83. The stock had a trading volume of 1,250,869 shares, compared to its average volume of 1,946,759. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.08 and a current ratio of 1.10. The business has a 50 day simple moving average of $193.35 and a 200 day simple moving average of $193.32. Marsh & McLennan Companies, Inc. has a twelve month low of $151.86 and a twelve month high of $202.81. The firm has a market capitalization of $97.05 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 3.46 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.61 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 Thursday, February 15th. Stockholders of record on Thursday, January 25th will be issued a $0.71 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio is presently 37.72%.

Marsh & McLennan Companies Company Profile

(Free Report)

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 in two segments, Risk and Insurance Services, and Consulting. 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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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