Douglass Winthrop Advisors LLC Purchases Shares of 1,351 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Douglass Winthrop Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,351 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other large investors have also recently modified their holdings of MMC. Amundi purchased a new position in Marsh & McLennan Companies during the second quarter valued at approximately $337,367,000. Longview Partners Guernsey LTD purchased a new position in Marsh & McLennan Companies during the second quarter valued at approximately $289,618,000. Robeco Institutional Asset Management B.V. lifted its holdings in Marsh & McLennan Companies by 201.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,409,788 shares of the financial services provider’s stock valued at $364,915,000 after purchasing an additional 1,609,414 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Marsh & McLennan Companies by 93.0% during the third quarter. Ninety One UK Ltd now owns 2,085,330 shares of the financial services provider’s stock valued at $315,782,000 after buying an additional 1,004,903 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $118,171,000. 88.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Marsh & McLennan Companies from $152.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $154.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. MKM Partners lifted their price objective on shares of Marsh & McLennan Companies from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 22nd. Bank of America cut shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and set a $168.00 price target on the stock. in a research report on Monday, January 3rd. Finally, Jefferies Financial Group began coverage on shares of Marsh & McLennan Companies in a research report on Thursday, November 18th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.86.

MMC stock opened at $161.20 on Friday. The stock has a market capitalization of $81.39 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $106.95 and a twelve month high of $175.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.03. The firm’s fifty day simple moving average is $168.37 and its two-hundred day simple moving average is $158.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Wednesday, October 20th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.08. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.44 billion. Marsh & McLennan Companies had a net margin of 14.21% and a return on equity of 31.64%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 6.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Thursday, January 27th will be paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Wednesday, January 26th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.45%.

In related news, CEO Martine Ferland sold 9,192 shares of the company’s stock in a transaction dated Thursday, December 2nd. The shares were sold at an average price of $167.12, for a total value of $1,536,167.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel S. Glaser sold 237,110 shares of the company’s stock in a transaction dated Monday, November 29th. The stock was sold at an average price of $167.63, for a total transaction of $39,746,749.30. The disclosure for this sale can be found here. Insiders have sold 304,597 shares of company stock valued at $51,058,405 over the last three months. Insiders own 0.80% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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