Fisher Asset Management LLC Has $258,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fisher Asset Management LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.3% in the third quarter, HoldingsChannel.com reports. The firm owned 1,157 shares of the financial services provider’s stock after selling 413 shares during the quarter. Fisher Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. boosted its position in shares of Marsh & McLennan Companies by 12.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 60,287 shares of the financial services provider’s stock worth $13,449,000 after acquiring an additional 6,471 shares in the last quarter. Summit Trail Advisors LLC raised its position in Marsh & McLennan Companies by 27.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 7,035 shares of the financial services provider’s stock worth $1,569,000 after purchasing an additional 1,531 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Marsh & McLennan Companies by 5.3% in the 3rd quarter. Larson Financial Group LLC now owns 11,690 shares of the financial services provider’s stock valued at $2,608,000 after buying an additional 585 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its position in Marsh & McLennan Companies by 8.0% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 21,260 shares of the financial services provider’s stock valued at $4,743,000 after purchasing an additional 1,580 shares during the period. Finally, Swedbank AB raised its stake in Marsh & McLennan Companies by 3.4% during the third quarter. Swedbank AB now owns 275,694 shares of the financial services provider’s stock worth $61,505,000 after buying an additional 9,186 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated 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 directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of NYSE:MMC opened at $233.23 on Monday. The company has a market cap of $114.54 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.81 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50. The firm has a fifty day moving average price of $224.26 and a two-hundred day moving average price of $219.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $227.60.

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.