Ycg LLC Has $45.95 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Ycg LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 228,014 shares of the financial services provider’s stock after buying an additional 12,437 shares during the quarter. Marsh & McLennan Companies accounts for about 3.5% of Ycg LLC’s holdings, making the stock its 13th biggest position. Ycg LLC’s holdings in Marsh & McLennan Companies were worth $45,952,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MMC. Pinnacle Bancorp Inc. acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter worth $32,000. Finally, TruNorth Capital Management LLC bought a new position in Marsh & McLennan Companies during the third quarter worth $32,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MMC shares. Morgan Stanley cut their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Barclays increased their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Bank of America reiterated an “underperform” rating and set a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. TD Cowen lowered their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $218.82.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $182.39 on Friday. The company has a 50 day moving average price of $183.63 and a 200 day moving average price of $195.26. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.