Nomura Asset Management Co. Ltd. cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,813 shares of the financial services provider’s stock after selling 47,294 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Marsh & McLennan Companies worth $24,205,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Invictus RG acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth about $106,000. Acrospire Investment Management LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth about $109,000. San Francisco Sentry Investment Group CA grew its position in shares of Marsh & McLennan Companies by 5,086.2% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,475 shares in the last quarter. JFS Wealth Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth about $189,000. Finally, Salem Investment Counselors Inc. grew its position in shares of Marsh & McLennan Companies by 8.0% during the second quarter. Salem Investment Counselors Inc. now owns 2,312 shares of the financial services provider’s stock worth $180,000 after buying an additional 172 shares in the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.
Marsh & McLennan Companies, Inc. (NYSE MMC) traded up $0.91 during mid-day trading on Tuesday, reaching $85.97. The company had a trading volume of 2,477,700 shares, compared to its average volume of 1,772,595. The stock has a market capitalization of $43,880.00, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12-month low of $66.75 and a 12-month high of $86.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.10%.
In other news, Director Marc D. Oken acquired 1,235 shares of Marsh & McLennan Companies stock in a transaction on Monday, October 30th. The stock was bought at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the purchase, the director now owns 40,120 shares in the company, valued at $3,245,306.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.46% of the stock is currently owned by insiders.
MMC has been the subject of a number of analyst reports. BidaskClub downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Wells Fargo & Company set a $91.00 target price on Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Thursday, October 26th. Deutsche Bank cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 target price for the company. in a research note on Wednesday, October 4th. Barclays boosted their target price on Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $85.00 target price on shares of Marsh & McLennan Companies in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $84.67.
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Marsh & McLennan Companies Company Profile
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.
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