Aberdeen Group plc Has $88.99 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Aberdeen Group plc grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 410,373 shares of the financial services provider’s stock after buying an additional 31,304 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Marsh & McLennan Companies worth $88,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Accent Capital Management LLC bought a new position in Marsh & McLennan Companies in the first quarter valued at about $25,000. Knuff & Co LLC bought a new position in Marsh & McLennan Companies in the first quarter valued at about $28,000. Activest Wealth Management boosted its holdings in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. Capital Analysts LLC boosted its holdings in Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. Finally, Garde Capital Inc. bought a new position in Marsh & McLennan Companies in the first quarter valued at about $42,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.5%

NYSE:MMC opened at $207.12 on Friday. The firm has a market capitalization of $101.83 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The stock’s 50 day moving average price is $203.29 and its two-hundred day moving average price is $215.57. 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 posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping the consensus estimate 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%.The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 EPS. Equities research analysts expect 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. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. 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 Marsh & McLennan Companies stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MMC. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. UBS Group dropped their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods dropped their target price on 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. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley dropped 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 report on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $237.13.

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.