Prospera Financial Services Inc Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Prospera Financial Services Inc lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,525 shares of the financial services provider’s stock after buying an additional 241 shares during the period. Prospera Financial Services Inc’s holdings in Marsh & McLennan Companies were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMC. Silvercrest Asset Management Group LLC lifted its stake in shares of Marsh & McLennan Companies by 0.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 313,601 shares of the financial services provider’s stock worth $64,596,000 after acquiring an additional 2,914 shares during the last quarter. L1 Capital International Pty Ltd lifted its stake in shares of Marsh & McLennan Companies by 8.9% during the 1st quarter. L1 Capital International Pty Ltd now owns 50,827 shares of the financial services provider’s stock worth $10,363,000 after acquiring an additional 4,153 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Marsh & McLennan Companies by 0.6% during the 1st quarter. Janus Henderson Group PLC now owns 2,142,400 shares of the financial services provider’s stock worth $441,224,000 after acquiring an additional 12,918 shares during the last quarter. Interval Partners LP lifted its stake in shares of Marsh & McLennan Companies by 50.6% during the 1st quarter. Interval Partners LP now owns 54,075 shares of the financial services provider’s stock worth $11,138,000 after acquiring an additional 18,175 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,910 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 60 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 1.5 %

Marsh & McLennan Companies stock opened at $227.82 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $111.89 billion, a PE ratio of 28.06, a P/E/G ratio of 3.34 and a beta of 0.94. The stock’s fifty day moving average is $223.67 and its two-hundred day moving average is $218.82.

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. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America lifted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their target price 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, Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $226.00.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s 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 completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

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.