University of Texas Texas AM Investment Management Co. Invests $3.71 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

University of Texas Texas AM Investment Management Co. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the second quarter, Holdings Channel reports. The firm bought 17,605 shares of the financial services provider’s stock, valued at approximately $3,710,000. Marsh & McLennan Companies comprises 0.7% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 27th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 0.3% in the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after buying an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Marsh & McLennan Companies by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Legal & General Group Plc raised its position in shares of Marsh & McLennan Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock valued at $954,712,000 after acquiring an additional 223,257 shares during the period. Clearbridge Investments LLC grew its holdings in Marsh & McLennan Companies by 1.7% during the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock valued at $718,368,000 after purchasing an additional 58,461 shares during the period. Finally, Jensen Investment Management Inc. increased its stake in Marsh & McLennan Companies by 1.3% in the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the sale, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Insiders sold a total of 21,735 shares of company stock valued at $4,897,317 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1 %

MMC stock opened at $222.79 on Wednesday. The company has a market cap of $109.77 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The business has a 50-day simple moving average of $224.01 and a 200 day simple moving average of $213.28.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business posted $2.20 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Roth Mkm lifted their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Bank of America boosted their price target on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Barclays assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four 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 $216.41.

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.