Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,857 shares of the financial services provider’s stock after purchasing an additional 407 shares during the period. Oak Ridge Investments LLC’s holdings in Marsh & McLennan Companies were worth $7,184,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MMC. Wellington Management Group LLP grew its holdings in Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after acquiring an additional 4,505,548 shares in the last quarter. Nuveen LLC acquired a new position in Marsh & McLennan Companies during the 1st quarter worth $1,038,594,000. Valeo Financial Advisors LLC grew its holdings in Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after acquiring an additional 2,623,745 shares in the last quarter. Ninety One UK Ltd grew its holdings in Marsh & McLennan Companies by 153.6% during the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock worth $578,517,000 after acquiring an additional 1,436,044 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Marsh & McLennan Companies by 5,035.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock worth $176,836,000 after acquiring an additional 793,052 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MMC. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. Barclays reduced their price target on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, UBS Group reduced their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $237.13.

Marsh & McLennan Companies Trading Up 0.5%

Shares of NYSE:MMC opened at $207.12 on Friday. The company has a market cap of $101.83 billion, a PE ratio of 24.83, a P/E/G ratio of 2.61 and a beta of 0.81. The company’s 50-day moving average price is $203.29 and its 200 day moving average price is $215.57. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.41 EPS. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.