1,600 Shares in Marsh & McLennan Companies, Inc. (MMC) Purchased by Ancora Advisors LLC

Ancora Advisors LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,600 shares of the financial services provider’s stock, valued at approximately $133,000.

Several other hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in Marsh & McLennan Companies by 8.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,962 shares of the financial services provider’s stock worth $3,397,000 after buying an additional 3,059 shares during the period. WASHINGTON TRUST Co boosted its stake in Marsh & McLennan Companies by 4,859.6% during the third quarter. WASHINGTON TRUST Co now owns 58,623 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 57,441 shares during the period. Stevens Capital Management LP purchased a new position in Marsh & McLennan Companies during the third quarter worth $1,894,000. Standard Life Aberdeen plc boosted its stake in Marsh & McLennan Companies by 2.0% during the third quarter. Standard Life Aberdeen plc now owns 442,639 shares of the financial services provider’s stock worth $36,617,000 after buying an additional 8,675 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Marsh & McLennan Companies by 38.2% during the third quarter. Franklin Resources Inc. now owns 80,223 shares of the financial services provider’s stock worth $6,636,000 after buying an additional 22,159 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Marsh & McLennan Companies from $90.00 to $93.00 and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Wells Fargo & Co set a $93.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Thursday, October 25th. UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, October 15th. Credit Suisse Group set a $91.00 target price on shares of Marsh & McLennan Companies and gave the company a “hold” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $93.40.

Shares of MMC opened at $84.77 on Friday. The firm has a market cap of $43.71 billion, a PE ratio of 21.63, a P/E/G ratio of 1.51 and a beta of 0.79. Marsh & McLennan Companies, Inc. has a 12-month low of $77.11 and a 12-month high of $89.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.73.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th were paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio is currently 42.35%.

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Marsh & McLennan Companies Profile

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.

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

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