Point72 Hong Kong Ltd Purchases 29,987 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Point72 Hong Kong Ltd lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 722.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,137 shares of the financial services provider’s stock after buying an additional 29,987 shares during the period. Point72 Hong Kong Ltd’s holdings in Marsh & McLennan Companies were worth $7,616,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. grew its stake in shares of Marsh & McLennan Companies by 22.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,201 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 591 shares during the period. Cetera Investment Advisers raised its position in shares of Marsh & McLennan Companies by 236.7% during the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after purchasing an additional 39,013 shares during the period. Cetera Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 53.1% in the first quarter. Cetera Advisors LLC now owns 8,861 shares of the financial services provider’s stock valued at $1,825,000 after acquiring an additional 3,074 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Marsh & McLennan Companies by 33.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,795 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 701 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Marsh & McLennan Companies by 28.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,399 shares of the financial services provider’s stock worth $716,000 after acquiring an additional 751 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction 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 sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research reports. Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. UBS Group upped their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $227.60.

Marsh & McLennan Companies Trading Down 0.0 %

NYSE:MMC opened at $233.23 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $235.50. The firm has a market cap of $114.54 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a fifty day moving average price of $224.26 and a 200 day moving average price of $219.79.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 earnings per share. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business 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 was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

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.