Tokio Marine Asset Management Co. Ltd. Buys 1,147 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,940 shares of the financial services provider’s stock after acquiring an additional 1,147 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $2,887,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MMC. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $27,000. Blair William & Co. IL increased its position in Marsh & McLennan Companies by 0.4% during the 1st quarter. Blair William & Co. IL now owns 40,912 shares of the financial services provider’s stock valued at $8,427,000 after purchasing an additional 166 shares during the period. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 13.5% in the 1st quarter. Brighton Jones LLC now owns 10,668 shares of the financial services provider’s stock worth $2,197,000 after purchasing an additional 1,268 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Marsh & McLennan Companies by 5.3% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 5,085 shares of the financial services provider’s stock valued at $1,047,000 after purchasing an additional 256 shares in the last quarter. Finally, Motco raised its stake in Marsh & McLennan Companies by 40,800.0% in the first quarter. Motco now owns 1,636 shares of the financial services provider’s stock worth $337,000 after buying an additional 1,632 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. BMO Capital Markets lifted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price for the company. 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 stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $225.33.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.9 %

Marsh & McLennan Companies stock opened at $221.50 on Friday. The stock has a 50-day moving average price of $224.56 and a 200 day moving average price of $217.70. The company has a market capitalization of $108.78 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 3.36 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. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 EPS. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

About Marsh & McLennan Companies

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.