Skandinaviska Enskilda Banken AB publ Purchases 135,405 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Skandinaviska Enskilda Banken AB publ increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 139.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,655 shares of the financial services provider’s stock after purchasing an additional 135,405 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Marsh & McLennan Companies were worth $49,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the first quarter worth about $27,000. Sachetta LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $29,000. Crewe Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $35,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $224.61 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32. The stock has a market capitalization of $110.67 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.20 and a beta of 0.94. The business has a 50-day moving average price of $223.20 and a two-hundred day moving average price of $212.15.

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 for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the firm posted $2.20 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MMC. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Roth Mkm lifted their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $215.53.

Insider Activity at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is owned by 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.