Marsh & McLennan Companies, Inc. (MMC) Shares Bought by CLS Investments LLC

CLS Investments LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 251,200.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,513 shares of the financial services provider’s stock after purchasing an additional 2,512 shares during the period. CLS Investments LLC’s holdings in Marsh & McLennan Companies were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MMC. SRS Capital Advisors Inc. raised its holdings in shares of Marsh & McLennan Companies by 3,497.1% in the second quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,189 shares during the last quarter. Sun Life Financial INC raised its holdings in shares of Marsh & McLennan Companies by 619.9% in the second quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 1,184 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $118,000. Ancora Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $133,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $212,000. Institutional investors own 86.72% of the company’s stock.

NYSE:MMC opened at $88.70 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $77.11 and a 1-year high of $89.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $44.68 billion, a P/E ratio of 22.63, a PEG ratio of 1.54 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Marsh & McLennan Companies had a net margin of 10.23% and a return on equity of 28.72%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.29 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 11th were paid a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, October 10th. This represents a $1.66 annualized dividend and a dividend yield of 1.87%. Marsh & McLennan Companies’s dividend payout ratio is presently 42.35%.

A number of analysts have recently issued reports on MMC shares. Citigroup lowered their price objective on shares of Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, September 20th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Morgan Stanley lifted their price objective on shares of Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, November 14th. Wells Fargo & Co set a $93.00 price objective on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, Raymond James downgraded shares of Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $92.91.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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

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