Marsh & McLennan Companies, Inc. (MMC) Shares Bought by Santa Barbara Asset Management LLC

Santa Barbara Asset Management LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,737,976 shares of the financial services provider’s stock after buying an additional 19,121 shares during the quarter. Marsh & McLennan Companies makes up about 2.3% of Santa Barbara Asset Management LLC’s holdings, making the stock its 24th biggest position. Santa Barbara Asset Management LLC owned approximately 0.34% of Marsh & McLennan Companies worth $145,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in Marsh & McLennan Companies by 0.3% in the 2nd quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock worth $435,000 after buying an additional 18 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 19 shares in the last quarter. Glenview Trust Co raised its holdings in shares of Marsh & McLennan Companies by 1.4% during the 2nd quarter. Glenview Trust Co now owns 3,582 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 50 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in shares of Marsh & McLennan Companies by 1.5% during the 2nd quarter. TRUE Private Wealth Advisors now owns 4,336 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 66 shares in the last quarter. Finally, Buckingham Asset Management LLC raised its holdings in shares of Marsh & McLennan Companies by 2.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 2,841 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 85.99% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE MMC) traded down $0.96 during trading hours on Wednesday, reaching $85.01. 2,055,300 shares of the company were exchanged, compared to its average volume of 1,773,803. Marsh & McLennan Companies, Inc. has a 1-year low of $66.75 and a 1-year high of $86.54. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77. The firm has a market cap of $43,875.38, a price-to-earnings ratio of 22.86, a PEG ratio of 1.83 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business posted $0.69 EPS. Marsh & McLennan Companies’s revenue was up 6.6% compared to the same quarter last year. equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th were paid a $0.375 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a yield of 1.76%. Marsh & McLennan Companies’s payout ratio is presently 41.10%.

A number of research firms have recently weighed in on MMC. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, August 18th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Deutsche Bank downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $85.75.

In related news, Director Marc D. Oken purchased 1,235 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $80.89 per share, for a total transaction of $99,899.15. Following the transaction, the director now directly owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.46% of the company’s stock.

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

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