69,881 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, Holdings Channel.com reports. The fund bought 69,881 shares of the financial services provider’s stock, valued at approximately $15,590,000. Marsh & McLennan Companies accounts for 0.6% of Quantbot Technologies LP’s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its holdings in Marsh & McLennan Companies by 22.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,201 shares of the financial services provider’s stock valued at $609,000 after buying an additional 591 shares during the period. Tidal Investments LLC lifted its stake in shares of Marsh & McLennan Companies by 38.2% in the 1st quarter. Tidal Investments LLC now owns 23,307 shares of the financial services provider’s stock valued at $4,800,000 after purchasing an additional 6,443 shares during the period. Beacon Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 22.1% during the 1st quarter. Beacon Capital Management LLC now owns 398 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 72 shares in the last quarter. Plato Investment Management Ltd grew its stake in Marsh & McLennan Companies by 827.5% during the first quarter. Plato Investment Management Ltd now owns 16,166 shares of the financial services provider’s stock worth $3,330,000 after purchasing an additional 14,423 shares during the period. Finally, New Covenant Trust Company N.A. bought a new stake in Marsh & McLennan Companies in the first quarter worth approximately $187,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related 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 value of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Up 1.3 %

Marsh & McLennan Companies stock opened at $230.71 on Tuesday. 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 stock has a market cap of $113.31 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $232.32. The firm’s 50-day simple moving average is $223.66 and its 200 day simple moving average is $219.11.

Marsh & McLennan Companies (NYSE:MMC) last released its 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 company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. Research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal 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 $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analysts Forecast Growth

MMC has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of 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 lifted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their target price 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. Finally, BMO Capital Markets raised their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Two research 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, the stock has a consensus rating of “Hold” and a consensus price target of $227.60.

About Marsh & McLennan Companies

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.