Marsh & McLennan Companies, Inc. (MMC) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,493,555 shares of the financial services provider’s stock after selling 6,904 shares during the period. Victory Capital Management Inc. owned approximately 0.29% of Marsh & McLennan Companies worth $125,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in MMC. BlackRock Inc. increased its holdings in shares of Marsh & McLennan Companies by 9.3% during the 2nd quarter. BlackRock Inc. now owns 40,950,741 shares of the financial services provider’s stock worth $3,192,520,000 after buying an additional 3,493,942 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Marsh & McLennan Companies by 4,831.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock worth $272,958,000 after buying an additional 3,430,257 shares during the last quarter. USS Investment Management Ltd increased its holdings in shares of Marsh & McLennan Companies by 401.0% during the 2nd quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock worth $155,251,000 after buying an additional 1,594,047 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Marsh & McLennan Companies by 30.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock worth $504,264,000 after buying an additional 1,510,060 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Marsh & McLennan Companies by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,936,066 shares of the financial services provider’s stock worth $2,723,616,000 after buying an additional 875,454 shares during the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

MMC has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. Citigroup Inc. raised their price target on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Barclays PLC raised their price target on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Buy” and a consensus target price of $83.75.

Marsh & McLennan Companies, Inc. (MMC) traded up 0.73% during trading on Wednesday, hitting $81.52. 303,555 shares of the company were exchanged. The company has a 50-day moving average of $83.03 and a 200-day moving average of $78.61. The company has a market capitalization of $41.78 billion, a price-to-earnings ratio of 22.53 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12 month low of $62.87 and a 12 month high of $84.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.10%.

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In other news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the sale, the senior vice president now owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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