Northcape Capital Pty Ltd Has $3.40 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Northcape Capital Pty Ltd decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,984 shares of the financial services provider’s stock after selling 2,805 shares during the quarter. Marsh & McLennan Companies accounts for approximately 0.4% of Northcape Capital Pty Ltd’s holdings, making the stock its 12th biggest holding. Northcape Capital Pty Ltd’s holdings in Marsh & McLennan Companies were worth $3,395,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank boosted its stake in Marsh & McLennan Companies by 0.3% during the 2nd quarter. Toronto Dominion Bank now owns 280,965 shares of the financial services provider’s stock worth $30,173,000 after acquiring an additional 963 shares during the last quarter. Ativo Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $1,351,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $1,347,000. AlphaCrest Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 376.4% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 17,279 shares of the financial services provider’s stock worth $1,982,000 after purchasing an additional 13,652 shares during the last quarter. Finally, River Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $501,000. Institutional investors own 87.38% of the company’s stock.

Several research firms have recently weighed in on MMC. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $122.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 24th. JPMorgan Chase & Co. downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $116.00 target price on the stock. in a report on Monday, October 12th. Raymond James boosted their target price on shares of Marsh & McLennan Companies from $105.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Bank of America downgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $115.00 to $113.00 in a report on Friday, August 21st. Finally, Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $113.73.

NYSE:MMC opened at $114.36 on Monday. The company has a market capitalization of $58.00 billion, a PE ratio of 28.73, a P/E/G ratio of 4.74 and a beta of 0.86. The company has a 50 day simple moving average of $112.03 and a two-hundred day simple moving average of $111.77. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.37 and a current ratio of 1.27. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.33 and a fifty-two week high of $120.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.09. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Marsh & McLennan Companies had a return on equity of 31.20% and a net margin of 11.91%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Research analysts predict that Marsh & McLennan Companies, Inc. will post 4.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Friday, October 9th were issued a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, October 8th. Marsh & McLennan Companies’s payout ratio is currently 39.91%.

In related news, Director Lloyd M. Yates sold 6,658 shares of the company’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $115.17, for a total transaction of $766,801.86. Following the completion of the sale, the director now owns 24,001 shares in the company, valued at $2,764,195.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 32,439 shares of the company’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $114.91, for a total value of $3,727,565.49. Corporate insiders own 0.90% of the company’s stock.

Marsh & McLennan Companies Company 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 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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

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