Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 553,640 shares of the financial services provider’s stock after purchasing an additional 27,439 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.11% of Marsh & McLennan Companies worth $123,512,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. boosted its holdings in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Crewe Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $41,000. Finally, Ridgewood Investments LLC acquired a new stake in Marsh & McLennan Companies during the second quarter worth about $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the subject of several recent analyst reports. Barclays raised their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, UBS Group upped their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.13.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock opened at $215.07 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $235.50. The company has a 50 day moving average of $224.12 and a 200 day moving average of $220.67. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $105.63 billion, a P/E ratio of 26.49, a P/E/G ratio of 2.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results 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. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate 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.