Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Suncoast Equity Management

Suncoast Equity Management increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 33.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,775 shares of the financial services provider’s stock after buying an additional 4,755 shares during the period. Marsh & McLennan Companies accounts for 0.5% of Suncoast Equity Management’s holdings, making the stock its 26th biggest position. Suncoast Equity Management’s holdings in Marsh & McLennan Companies were worth $4,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth about $3,710,000. Czech National Bank increased its position 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 buying an additional 6,282 shares in the last quarter. Raymond James & Associates raised its stake in shares of 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. Nordea Investment Management AB raised its stake in shares of Marsh & McLennan Companies by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock worth $187,218,000 after buying an additional 100,378 shares during the period. Finally, Kinsale Capital Group Inc. increased its holdings in Marsh & McLennan Companies by 26.8% in the 1st quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 3,984 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MMC. Royal Bank of Canada lifted their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company cut their price objective 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. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday. Finally, Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $221.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders have sold 19,566 shares of company stock valued at $4,420,137 over the last 90 days. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Down 1.5 %

MMC stock traded down $3.33 during trading on Monday, reaching $221.33. 264,051 shares of the stock were exchanged, compared to its average volume of 1,664,337. The business has a 50 day moving average price of $225.28 and a 200-day moving average price of $215.07. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. 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 firm has a market capitalization of $109.05 billion, a price-to-earnings ratio of 28.51, 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, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

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.