Impax Asset Management Group plc Has $360.83 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Impax Asset Management Group plc grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,716,610 shares of the financial services provider’s stock after purchasing an additional 212,858 shares during the quarter. Marsh & McLennan Companies comprises approximately 1.5% of Impax Asset Management Group plc’s holdings, making the stock its 15th largest holding. Impax Asset Management Group plc owned 0.35% of Marsh & McLennan Companies worth $360,825,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in shares of Marsh & McLennan Companies by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 142,534 shares of the financial services provider’s stock valued at $30,035,000 after purchasing an additional 1,039 shares during the period. Waverton Investment Management Ltd raised its stake in Marsh & McLennan Companies by 10.1% during the 2nd quarter. Waverton Investment Management Ltd now owns 1,054,632 shares of the financial services provider’s stock worth $222,243,000 after buying an additional 96,638 shares during the period. National Bank of Canada FI raised its stake in Marsh & McLennan Companies by 146.4% during the 2nd quarter. National Bank of Canada FI now owns 276,466 shares of the financial services provider’s stock worth $58,121,000 after buying an additional 164,280 shares during the period. Mayflower Financial Advisors LLC raised its stake in Marsh & McLennan Companies by 3.7% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 1,974 shares of the financial services provider’s stock worth $416,000 after buying an additional 71 shares during the period. Finally, FineMark National Bank & Trust raised its stake in Marsh & McLennan Companies by 1.3% during the 2nd quarter. FineMark National Bank & Trust now owns 26,658 shares of the financial services provider’s stock worth $5,617,000 after buying an additional 352 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Insiders sold 27,735 shares of company stock worth $6,151,377 over the last three months. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm raised their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday. They issued an “equal weight” rating and a $236.00 price target on the stock. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Finally, Bank of America lifted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $0.54 during midday trading on Friday, reaching $229.00. 77,244 shares of the company’s stock were exchanged, compared to its average volume of 1,647,495. The stock’s 50-day simple moving average is $220.04 and its 200 day simple moving average is $210.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $112.83 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 3.17 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $2.20 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, July 25th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Marsh & McLennan Companies 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 through Risk and Insurance Services, and Consulting segments. 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, strategic advisory services, and analytics solutions, and insurance program management services.