Empowered Funds LLC Acquires 717 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Empowered Funds LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,937 shares of the financial services provider’s stock after purchasing an additional 717 shares during the period. Empowered Funds LLC’s holdings in Marsh & McLennan Companies were worth $3,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Empirical Finance LLC lifted its position in Marsh & McLennan Companies by 2.2% in the third quarter. Empirical Finance LLC now owns 17,102 shares of the financial services provider’s stock worth $3,815,000 after buying an additional 364 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 7.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,451 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 106 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Marsh & McLennan Companies by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 96,867 shares of the financial services provider’s stock valued at $21,600,000 after purchasing an additional 4,530 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Marsh & McLennan Companies by 9.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,940 shares of the financial services provider’s stock worth $2,887,000 after purchasing an additional 1,147 shares during the period. Finally, Metis Global Partners LLC boosted its position in shares of Marsh & McLennan Companies by 3.7% during the third quarter. Metis Global Partners LLC now owns 24,252 shares of the financial services provider’s stock valued at $5,410,000 after buying an additional 855 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

MMC has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Roth Mkm raised their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets boosted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Trading Up 0.7 %

Shares of NYSE MMC opened at $223.67 on Tuesday. The business has a fifty day moving average price of $224.17 and a 200 day moving average price of $218.32. 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 current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $109.85 billion, a P/E ratio of 27.55, 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 results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.82% and a return on equity of 32.65%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was 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 of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company 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.