Swedbank AB Has $61.51 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Swedbank AB grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,694 shares of the financial services provider’s stock after purchasing an additional 9,186 shares during the quarter. Swedbank AB’s holdings in Marsh & McLennan Companies were worth $61,505,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MMC. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth approximately $3,710,000. Czech National Bank lifted its stake in shares of Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after acquiring an additional 6,282 shares during the period. Raymond James & Associates lifted its stake in shares of Marsh & McLennan Companies by 2.6% in the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after acquiring an additional 23,133 shares during the period. Nordea Investment Management AB lifted its stake in shares of Marsh & McLennan Companies by 12.4% in the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock worth $187,218,000 after acquiring an additional 100,378 shares during the period. Finally, Kinsale Capital Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 26.8% in the first quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 3,984 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.7 %

MMC stock opened at $226.02 on Wednesday. The stock’s fifty day simple moving average is $224.84 and its two-hundred day simple moving average is $214.59. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32. The stock has a market cap of $111.37 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Insider Activity

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,566 shares of company stock valued at $4,420,137 in the last 90 days. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays assumed coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $216.69.

Marsh & McLennan Companies Company 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.