Bouvel Investment Partners LLC Has $3.01 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bouvel Investment Partners LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,473 shares of the financial services provider’s stock after buying an additional 82 shares during the period. Bouvel Investment Partners LLC’s holdings in Marsh & McLennan Companies were worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after purchasing an additional 679,474 shares in the last quarter. M&G Plc bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $118,353,000. Bristol Gate Capital Partners Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $95,139,000. International Assets Investment Management LLC raised its holdings in shares of Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after acquiring an additional 426,425 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Marsh & McLennan Companies by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after purchasing an additional 380,828 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America boosted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $225.64 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week 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 company has a market capitalization of $110.82 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 3.35 and a beta of 0.94. The business’s 50-day moving average is $224.68 and its 200-day moving average is $217.64.

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 analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the business posted $1.57 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

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.