Healthcare of Ontario Pension Plan Trust Fund Sells 275,091 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 75.3% during the third quarter, Holdings Channel reports. The fund owned 90,429 shares of the financial services provider’s stock after selling 275,091 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Marsh & McLennan Companies were worth $13,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MMC. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Marsh & McLennan Companies by 12.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,036 shares of the financial services provider’s stock valued at $13,229,000 after acquiring an additional 10,693 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth $571,000. Van ECK Associates Corp grew its holdings in shares of Marsh & McLennan Companies by 13.2% during the 2nd quarter. Van ECK Associates Corp now owns 15,519 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 1,804 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Marsh & McLennan Companies by 5.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,949 shares of the financial services provider’s stock worth $1,400,000 after purchasing an additional 502 shares in the last quarter. Finally, National Asset Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 2.2% during the 2nd quarter. National Asset Management Inc. now owns 3,679 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

Several research firms have recently issued reports on MMC. Morgan Stanley increased their target price on Marsh & McLennan Companies from $152.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, October 15th. Bank of America lowered Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and set a $168.00 price objective on the stock. in a research note on Monday, January 3rd. Raymond James raised Marsh & McLennan Companies from an “underperform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research note on Friday, October 22nd. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $154.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, January 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $164.00 price objective on the stock. in a research note on Tuesday, September 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $157.86.

Shares of MMC opened at $161.20 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $106.95 and a 1 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. The company has a market capitalization of $81.39 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. The business has a 50-day moving average of $168.37 and a 200-day moving average of $158.94.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Thursday, January 27th will be issued 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 yield of 1.33%. Marsh & McLennan Companies’s payout ratio is currently 40.45%.

In other Marsh & McLennan Companies news, CEO Daniel S. Glaser sold 237,110 shares of the firm’s stock in a transaction that occurred on Monday, November 29th. The stock was sold at an average price of $167.63, for a total value of $39,746,749.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc D. Oken acquired 5,000 shares of Marsh & McLennan Companies stock in a transaction on Friday, December 3rd. The stock was purchased at an average cost of $167.46 per share, with a total value of $837,300.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 304,597 shares of company stock valued at $51,058,405. 0.80% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company Profile

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.

Further Reading: Support Level

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

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