Nicolet Advisory Services LLC Raises Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nicolet Advisory Services LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,929 shares of the financial services provider’s stock after purchasing an additional 78 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in shares of Marsh & McLennan Companies by 5.2% during the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock valued at $954,712,000 after buying an additional 223,257 shares during the period. Parnassus Investments LLC lifted its stake in shares of Marsh & McLennan Companies by 2.0% during the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after purchasing an additional 85,754 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.7% during the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares during the last quarter. Jensen Investment Management Inc. increased its stake in Marsh & McLennan Companies by 1.3% in the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Marsh & McLennan Companies by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after buying an additional 30,367 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday. Roth Mkm boosted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the 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 Stock Performance

Marsh & McLennan Companies stock opened at $227.82 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average price is $223.67 and its 200 day moving average price is $218.82. The company has a market capitalization of $111.89 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate 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 business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations 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. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

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.