Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,424 shares of the financial services provider’s stock after purchasing an additional 3,553 shares during the period. Sanctuary Advisors LLC’s holdings in Marsh & McLennan Companies were worth $19,461,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MMC. Outlook Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at $342,000. Gladius Capital Management LP acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth about $512,000. Everpar Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 37.1% during the second quarter. Everpar Advisors LLC now owns 2,204 shares of the financial services provider’s stock worth $464,000 after buying an additional 597 shares during the period. TCW Group Inc. lifted its stake in Marsh & McLennan Companies by 2.4% in the second quarter. TCW Group Inc. now owns 11,352 shares of the financial services provider’s stock worth $2,392,000 after acquiring an additional 264 shares during the last quarter. Finally, OFI Invest Asset Management increased its position in shares of Marsh & McLennan Companies by 982.0% in the 2nd quarter. OFI Invest Asset Management now owns 2,586 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 2,347 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.7 %

Marsh & McLennan Companies stock opened at $215.92 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $224.26 and a two-hundred day moving average of $220.62. The stock has a market capitalization of $106.04 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.58 and a beta of 0.94.

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 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 firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MMC. Roth Mkm boosted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. UBS Group increased their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $228.13.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was 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 owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.