Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,073 shares of the financial services provider’s stock after acquiring an additional 214 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Marsh & McLennan Companies were worth $3,140,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $3,710,000. Czech National Bank boosted its holdings in shares of Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after acquiring an additional 6,282 shares during the period. Raymond James & Associates grew its position 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 during the last quarter. Nordea Investment Management AB increased its holdings in shares of Marsh & McLennan Companies by 12.4% in the 1st quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after acquiring an additional 100,378 shares during the period. Finally, Kinsale Capital Group Inc. boosted its stake in Marsh & McLennan Companies by 26.8% during the 1st quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after purchasing an additional 3,984 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $1.21 during trading on Wednesday, hitting $227.27. 314,386 shares of the stock were exchanged, compared to its average volume of 1,658,372. The company has a fifty day moving average price of $224.84 and a two-hundred day moving average price of $214.59. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The company has a market cap of $111.98 billion, a PE ratio of 28.87, a P/E/G ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated 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 directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, 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. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 over the last quarter. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MMC. Barclays began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Finally, Bank of America raised 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $216.69.

About Marsh & McLennan Companies

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.