Martingale Asset Management L P Has $20.56 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Martingale Asset Management L P cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,147 shares of the financial services provider’s stock after selling 15,398 shares during the period. Martingale Asset Management L P’s holdings in Marsh & McLennan Companies were worth $20,557,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MMC. Hantz Financial Services Inc. raised its stake in shares of Marsh & McLennan Companies by 3.1% during the third quarter. Hantz Financial Services Inc. now owns 17,249 shares of the financial services provider’s stock worth $3,848,000 after buying an additional 516 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of Marsh & McLennan Companies by 26.9% during the third quarter. Northwest & Ethical Investments L.P. now owns 99,886 shares of the financial services provider’s stock worth $22,284,000 after buying an additional 21,156 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of Marsh & McLennan Companies by 15.0% during the third quarter. Financial Counselors Inc. now owns 2,894 shares of the financial services provider’s stock worth $646,000 after buying an additional 377 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Marsh & McLennan Companies by 2.7% during the third quarter. Public Sector Pension Investment Board now owns 85,793 shares of the financial services provider’s stock worth $19,140,000 after buying an additional 2,268 shares during the last quarter. Finally, Fiduciary Trust Co raised its stake in shares of Marsh & McLennan Companies by 49.3% during the third quarter. Fiduciary Trust Co now owns 12,883 shares of the financial services provider’s stock worth $2,874,000 after buying an additional 4,253 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $233.24 on Friday. The firm has a market cap of $114.55 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 2.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $235.21. The firm’s 50-day simple moving average is $224.06 and its 200 day simple moving average is $219.50.

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

Marsh & McLennan Companies Announces Dividend

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

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’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 completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MMC shares. BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.