Tokio Marine Asset Management Co. Ltd. Acquires 1,147 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,940 shares of the financial services provider’s stock after purchasing an additional 1,147 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $2,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth $27,000. Carmichael Hill & Associates Inc. increased its stake in Marsh & McLennan Companies by 85.7% during the 3rd 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 in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies in the third quarter worth about $31,000. Crewe Advisors LLC lifted its stake 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, Iron Horse Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 712.5% during 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. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company dropped their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets boosted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group raised their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Trading Down 1.9 %

Shares of Marsh & McLennan Companies stock opened at $221.50 on Friday. The business has a 50-day moving average price of $224.56 and a 200-day moving average price of $217.70. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The firm has a market cap of $108.78 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 3.36 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, 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 SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

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.