Mirabella Financial Services LLP Acquires Shares of 3,580 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mirabella Financial Services LLP bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 2nd quarter, Holdings Channel.com reports. The fund bought 3,580 shares of the financial services provider’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. Bank Julius Baer & Co. Ltd Zurich increased its position in Marsh & McLennan Companies by 103,259.3% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 74,945,836 shares of the financial services provider’s stock worth $14,095,813,000 after purchasing an additional 74,873,326 shares during the period. Moneta Group Investment Advisors LLC increased its position in Marsh & McLennan Companies by 105,777.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock worth $1,617,156,000 after purchasing an additional 9,763,286 shares during the period. Norges Bank acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $659,049,000. Morgan Stanley grew its holdings in shares of Marsh & McLennan Companies by 49.2% in the 4th quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock worth $1,041,503,000 after acquiring an additional 2,075,928 shares during the period. Finally, Alphinity Investment Management Pty Ltd acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $303,203,000. Institutional investors and hedge funds own 86.64% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of Marsh & McLennan Companies stock opened at $193.93 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $151.86 and a fifty-two week high of $199.20. The firm has a market cap of $95.62 billion, a PE ratio of 27.94, a P/E/G ratio of 2.21 and a beta of 0.97. The business’s fifty day moving average is $192.85 and its two-hundred day moving average is $186.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. Marsh & McLennan Companies had a return on equity of 34.01% and a net margin of 15.61%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the company posted $1.18 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.93 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 6th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, October 5th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MMC. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $195.00 to $200.00 and gave the stock a “sector perform” rating in a report on Friday, October 20th. Morgan Stanley upped their price target on Marsh & McLennan Companies from $205.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Bank of America raised Marsh & McLennan Companies from an “underperform” rating to a “neutral” rating and upped their target price for the company from $189.00 to $210.00 in a research note on Friday, July 21st. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Finally, StockNews.com began coverage on Marsh & McLennan Companies in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $200.21.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total value of $584,700.00. Following the transaction, the director now directly owns 63,012 shares of the company’s stock, valued at approximately $12,281,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

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 in two segments, Risk and Insurance Services, and Consulting. 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.