Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,961 shares of the financial services provider’s stock after buying an additional 69 shares during the period. Marsh & McLennan Companies comprises 1.4% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 26th biggest position. Nixon Peabody Trust Co.’s holdings in Marsh & McLennan Companies were worth $16,500,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Marsh & McLennan Companies during the second quarter valued at $3,710,000. Czech National Bank increased its position in shares of Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after purchasing an additional 6,282 shares in the last quarter. Raymond James & Associates lifted its holdings in Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after purchasing an additional 23,133 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Marsh & McLennan Companies by 8.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 68,383 shares of the financial services provider’s stock worth $14,086,000 after purchasing an additional 5,554 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Marsh & McLennan Companies by 236.7% in the first quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after buying an additional 39,013 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on MMC shares. Jefferies Financial Group increased their price objective 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. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. Finally, Roth Mkm boosted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Up 0.2 %

MMC stock traded up $0.35 during midday trading on Monday, reaching $222.49. 169,599 shares of the company were exchanged, compared to its average volume of 1,682,265. The stock’s 50-day simple moving average is $224.31 and its 200 day simple moving average is $218.15. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $109.27 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94.

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 company had revenue of $5.70 billion during 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%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 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. Investors of record on Friday, October 4th were issued 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 was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

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.