Marsh & McLennan Companies, Inc. $MMC Stake Lifted by Findlay Park Partners LLP

Findlay Park Partners LLP raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,065,967 shares of the financial services provider’s stock after buying an additional 180,200 shares during the quarter. Marsh & McLennan Companies makes up about 2.3% of Findlay Park Partners LLP’s investment portfolio, making the stock its 15th largest holding. Findlay Park Partners LLP owned about 0.22% of Marsh & McLennan Companies worth $214,824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after acquiring an additional 837,117 shares during the period. Geode Capital Management LLC raised its position in Marsh & McLennan Companies by 1.6% in the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after acquiring an additional 196,475 shares in the last quarter. Norges Bank acquired a new stake in Marsh & McLennan Companies during the second quarter valued at approximately $1,328,587,000. JPMorgan Chase & Co. boosted its stake in shares of Marsh & McLennan Companies by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,872,982 shares of the financial services provider’s stock worth $982,071,000 after acquiring an additional 441,029 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in shares of Marsh & McLennan Companies by 0.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock valued at $752,877,000 after purchasing an additional 32,118 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MMC. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. TD Cowen decreased their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Cantor Fitzgerald cut their target price on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Mizuho began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target on the stock. Finally, Citigroup cut their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Seven 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $216.88.

Marsh & McLennan Companies Trading Down 1.7%

NYSE:MMC opened at $182.39 on Friday. The company’s 50 day moving average is $183.51 and its 200-day moving average is $189.86. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The firm has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, January 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Marsh & McLennan Companies Company 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.