Marsh & McLennan Companies, Inc. (MMC) Shares Bought by Robecosam AG

Robecosam AG grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 84.0% in the third quarter, Holdings Channel reports. The institutional investor owned 5,705 shares of the financial services provider’s stock after purchasing an additional 2,605 shares during the period. Robecosam AG’s holdings in Marsh & McLennan Companies were worth $475,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in shares of Marsh & McLennan Companies by 0.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 121,295 shares of the financial services provider’s stock valued at $10,034,000 after buying an additional 663 shares during the last quarter. Arizona State Retirement System raised its position in shares of Marsh & McLennan Companies by 0.9% during the third quarter. Arizona State Retirement System now owns 174,517 shares of the financial services provider’s stock valued at $14,436,000 after buying an additional 1,618 shares during the last quarter. Bell Asset Management Ltd raised its position in shares of Marsh & McLennan Companies by 35.5% during the third quarter. Bell Asset Management Ltd now owns 85,527 shares of the financial services provider’s stock valued at $7,075,000 after buying an additional 22,420 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $248,000. Finally, Russell Investments Group Ltd. raised its position in shares of Marsh & McLennan Companies by 34.8% during the third quarter. Russell Investments Group Ltd. now owns 437,222 shares of the financial services provider’s stock valued at $36,206,000 after buying an additional 112,783 shares during the last quarter. 86.07% of the stock is owned by institutional investors and hedge funds.

NYSE:MMC opened at $84.58 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $77.11 and a 12-month high of $87.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 1.46. The stock has a market capitalization of $42.41 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Marsh & McLennan Companies had a net margin of 10.23% and a return on equity of 28.72%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 4.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 11th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 42.35%.

A number of brokerages have recently commented on MMC. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Bank of America lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $93.00 in a research report on Thursday, July 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, July 27th. Raymond James lowered shares of Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a research report on Tuesday, September 25th. Finally, Citigroup increased their price target on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $92.90.

In related news, SVP E Scott Gilbert sold 80,646 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total value of $6,825,877.44. Following the completion of the transaction, the senior vice president now owns 123,843 shares of the company’s stock, valued at $10,482,071.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.16% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Recommended Story: Why is the ex-dividend date different from the record date?

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

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

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply