Marsh & McLennan Companies, Inc. $MMC Stake Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 67,440 shares of the financial services provider’s stock after purchasing an additional 7,772 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Marsh & McLennan Companies were worth $14,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock worth $11,059,792,000 after purchasing an additional 581,930 shares during the last quarter. Wellington Management Group LLP lifted its stake in Marsh & McLennan Companies by 54.2% in the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after buying an additional 4,505,548 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Marsh & McLennan Companies by 8.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock valued at $1,060,362,000 after buying an additional 340,907 shares during the last quarter. Nuveen LLC bought a new stake in Marsh & McLennan Companies in the first quarter valued at $1,038,594,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Marsh & McLennan Companies by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider’s stock valued at $697,471,000 after buying an additional 65,778 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $207.12 on Friday. The business’s 50-day moving average price is $203.29 and its 200 day moving average price is $215.57. The firm has a market cap of $101.83 billion, a P/E ratio of 24.83, a PEG ratio of 2.61 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-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 released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.Marsh & McLennan Companies’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $248.00 to $242.00 in a report on Thursday. Morgan Stanley lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Barclays lowered their price target on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $237.13.

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.