Asahi Life Asset Management CO. LTD. Buys 350 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Asahi Life Asset Management CO. LTD. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,600 shares of the financial services provider’s stock after purchasing an additional 350 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Marsh & McLennan Companies were worth $580,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tower View Wealth Management LLC raised its stake in Marsh & McLennan Companies by 0.4% in the third quarter. Tower View Wealth Management LLC now owns 30,825 shares of the financial services provider’s stock valued at $6,877,000 after purchasing an additional 135 shares in the last quarter. Pointe Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 10.0% during the third quarter. Pointe Capital Management LLC now owns 1,370 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 124 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Marsh & McLennan Companies by 4.1% during the third quarter. State of Alaska Department of Revenue now owns 64,960 shares of the financial services provider’s stock worth $14,490,000 after acquiring an additional 2,555 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 5.2% during the third quarter. Frank Rimerman Advisors LLC now owns 3,594 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 179 shares in the last quarter. Finally, Mattern Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 13.2% during the third quarter. Mattern Capital Management LLC now owns 2,209 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 258 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,566 shares of company stock valued at $4,420,137. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MMC shares. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Wells Fargo & Company decreased their target price on shares of 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. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $225.33.

Marsh & McLennan Companies Stock Up 0.3 %

Shares of MMC traded up $0.70 during trading hours on Monday, hitting $222.01. The company had a trading volume of 117,973 shares, compared to its average volume of 1,677,314. The firm has a fifty day moving average price of $225.53 and a 200-day moving average price of $215.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $109.39 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 3.33 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

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.