Los Angeles Capital Management LLC Boosts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Los Angeles Capital Management LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 219.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 529,239 shares of the financial services provider’s stock after purchasing an additional 363,569 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of Marsh & McLennan Companies worth $118,068,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth $27,000. Carmichael Hill & Associates Inc. lifted its position in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth $31,000. Crewe Advisors LLC raised its position in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter worth $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.0 %

MMC stock traded up $2.18 during midday trading on Friday, hitting $225.36. The company’s stock had a trading volume of 2,395,777 shares, compared to its average volume of 1,808,196. The company has a market cap of $110.68 billion, a PE ratio of 27.75, a P/E/G ratio of 3.32 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average is $224.83 and its 200-day moving average is $217.18.

Marsh & McLennan Companies (NYSE:MMC) last released 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. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 EPS. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MMC shares. Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. UBS Group increased their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on 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. Finally, Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $225.33.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction 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 sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

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.