B. Metzler seel. Sohn & Co. Holding AG Invests $46.71 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 209,394 shares of the financial services provider’s stock, valued at approximately $46,714,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Carmichael Hill & Associates Inc. raised its stake in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth $31,000. Crewe Advisors LLC raised its stake in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the period. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Finally, Ridgewood Investments LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth $41,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of MMC opened at $223.67 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The firm has a market cap 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. The firm’s 50-day simple moving average is $224.17 and its 200 day simple moving average is $218.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the business earned $1.57 EPS. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on MMC. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Roth Mkm lifted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $225.33.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.35% of the company’s stock.

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.