Douglass Winthrop Advisors LLC Invests $205,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Douglass Winthrop Advisors LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,351 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently added to or reduced their stakes in MMC. Amundi purchased a new position in Marsh & McLennan Companies during the second quarter worth about $337,367,000. Longview Partners Guernsey LTD purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $289,618,000. Robeco Institutional Asset Management B.V. boosted its stake in Marsh & McLennan Companies by 201.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,409,788 shares of the financial services provider’s stock valued at $364,915,000 after acquiring an additional 1,609,414 shares during the last quarter. Ninety One UK Ltd boosted its stake in Marsh & McLennan Companies by 93.0% in the third quarter. Ninety One UK Ltd now owns 2,085,330 shares of the financial services provider’s stock valued at $315,782,000 after acquiring an additional 1,004,903 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $118,171,000. Institutional investors and hedge funds own 88.34% of the company’s stock.

MMC has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $152.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, October 15th. MKM Partners boosted their price target on shares of Marsh & McLennan Companies from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 22nd. Royal Bank of Canada lowered shares of Marsh & McLennan Companies from an “outperform” rating to a “sector perform” rating and set a $183.00 price target on the stock. in a research report on Thursday, December 9th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $154.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, January 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $164.00 price target on the stock. in a research report on Tuesday, September 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $157.86.

Shares of NYSE:MMC opened at $161.20 on Friday. The company’s fifty day moving average price is $168.37 and its 200-day moving average price is $158.94. The firm has a market capitalization of $81.39 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.89 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $106.95 and a one year high of $175.12. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.18 and a quick ratio of 1.18.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Wednesday, October 20th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.08. Marsh & McLennan Companies had a net margin of 14.21% and a return on equity of 31.64%. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 6.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Thursday, January 27th will be paid a $0.535 dividend. The ex-dividend date of this dividend is Wednesday, January 26th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.33%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.45%.

In other news, Director Marc D. Oken purchased 5,000 shares of the company’s stock in a transaction on Friday, December 3rd. The stock was acquired at an average price of $167.46 per share, with a total value of $837,300.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Martine Ferland sold 9,192 shares of the stock in a transaction on Thursday, December 2nd. The shares were sold at an average price of $167.12, for a total transaction of $1,536,167.04. The disclosure for this sale can be found here. Insiders sold a total of 304,597 shares of company stock valued at $51,058,405 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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

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