Marsh & McLennan Companies, Inc. $MMC Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 225.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,051,055 shares of the financial services provider’s stock after purchasing an additional 727,714 shares during the period. Jennison Associates LLC owned approximately 0.21% of Marsh & McLennan Companies worth $229,803,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Accent Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $28,000. Activest Wealth Management boosted its stake in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 111 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares in the last quarter. Finally, Clean Yield Group boosted its stake in shares of Marsh & McLennan Companies by 114.4% during the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. Evercore ISI decreased their price target on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target on the stock. Morgan Stanley reduced their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Barclays reduced their target price on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $234.07.

Marsh & McLennan Companies Trading Down 2.5%

Shares of MMC opened at $182.99 on Wednesday. The stock has a fifty day moving average of $200.21 and a two-hundred day moving average of $211.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $89.65 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a fifty-two week low of $182.73 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.Marsh & McLennan Companies’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Profile

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.