Public Sector Pension Investment Board Has $17.60 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Public Sector Pension Investment Board raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,525 shares of the financial services provider’s stock after buying an additional 5,982 shares during the period. Public Sector Pension Investment Board’s holdings in Marsh & McLennan Companies were worth $17,600,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MMC. Vanguard Group Inc. boosted its stake in shares of 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 position in shares of Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares during the period. Parnassus Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after acquiring an additional 11,459 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Marsh & McLennan Companies by 0.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,450,461 shares of the financial services provider’s stock worth $653,759,000 after buying an additional 25,202 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Marsh & McLennan Companies by 0.4% during the 1st quarter. Clearbridge Investments LLC now owns 3,350,649 shares of the financial services provider’s stock valued at $690,167,000 after purchasing an additional 14,726 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $223.55 on Monday. The firm’s 50 day simple moving average is $223.30 and its two-hundred day simple moving average is $212.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $110.15 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data 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 return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the firm earned $2.20 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given 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 yield of 1.46%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which is available through this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction that occurred on 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 owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MMC shares. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Roth Mkm boosted their price target on shares of 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. raised their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $215.53.

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.