Centiva Capital LP Acquires Shares of 8,694 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Centiva Capital LP acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,694 shares of the financial services provider’s stock, valued at approximately $1,940,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Assenagon Asset Management S.A. lifted its position in Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after purchasing an additional 679,474 shares during the last quarter. FMR LLC increased its stake in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after buying an additional 504,897 shares during the period. International Assets Investment Management LLC increased its stake in shares of Marsh & McLennan Companies by 31,846.5% during the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after buying an additional 426,425 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Marsh & McLennan Companies by 93.9% during the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock valued at $160,563,000 after buying an additional 368,970 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several research analyst reports. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their target price 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. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two equities research 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 company has an average rating of “Hold” and an average target price of $227.60.

Marsh & McLennan Companies Trading Down 0.1 %

NYSE MMC opened at $233.04 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $235.50. The stock has a market cap of $114.45 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.81 and a beta of 0.94. The stock’s fifty day moving average price is $224.26 and its 200-day moving average price is $219.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 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 analysts’ expectations of $5.71 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS 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. Stockholders of record on Friday, October 4th were paid a $0.815 dividend. 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 1.40%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Activity

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 transaction, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate 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.