LGT Capital Partners LTD. Purchases 5,900 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

LGT Capital Partners LTD. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,180 shares of the financial services provider’s stock after acquiring an additional 5,900 shares during the quarter. Marsh & McLennan Companies accounts for 1.3% of LGT Capital Partners LTD.’s portfolio, making the stock its 28th largest position. LGT Capital Partners LTD.’s holdings in Marsh & McLennan Companies were worth $37,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. lifted its position in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Crewe Advisors LLC lifted its position in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after buying an additional 171 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $41,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC opened at $223.67 on Tuesday. The business has a fifty day simple moving average of $224.17 and a 200 day simple moving average of $218.32. The company has a market capitalization of $109.85 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94. 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.

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 (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.57 EPS. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of a number of recent research reports. Wells Fargo & Company lowered 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 report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. UBS Group boosted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Company 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.