Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,886 shares of the financial services provider’s stock after purchasing an additional 21,156 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Marsh & McLennan Companies were worth $22,284,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Carmichael Hill & Associates Inc. grew its position in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Crewe Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of NYSE:MMC traded up $0.46 during mid-day trading on Thursday, reaching $233.23. 1,349,553 shares of the company were exchanged, compared to its average volume of 1,699,707. The firm has a market cap of $114.54 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $235.21. The firm’s 50-day simple moving average is $223.89 and its 200 day simple moving average is $219.40.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several recent research reports. Barclays lifted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Roth Mkm upped their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. UBS Group boosted their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $227.60.

About Marsh & McLennan Companies

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.