Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by BNP Paribas

BNP Paribas grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,080 shares of the financial services provider’s stock after purchasing an additional 1,257 shares during the quarter. BNP Paribas’ holdings in Marsh & McLennan Companies were worth $5,372,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth $3,710,000. Czech National Bank grew its stake in Marsh & McLennan Companies by 6.7% during the 3rd 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 raised its position 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. Cetera Investment Advisers boosted its stake in shares of Marsh & McLennan Companies by 236.7% in the 1st 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 period. Finally, Kinsale Capital Group Inc. grew its position in shares of Marsh & McLennan Companies by 16.8% during the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after buying an additional 3,880 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.9 %

Shares of Marsh & McLennan Companies stock opened at $232.77 on Wednesday. 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 capitalization of $114.32 billion, a P/E ratio of 28.67, a PEG ratio of 2.78 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $233.48. The company’s fifty day moving average is $223.75 and its two-hundred day moving average is $219.31.

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, topping 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 firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the company posted $1.57 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 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 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’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 transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Evercore ISI reiterated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Bank of America increased their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $227.60.

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.