Meeder Advisory Services Inc. Has $1.78 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Meeder Advisory Services Inc. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,969 shares of the financial services provider’s stock after selling 60 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Marsh & McLennan Companies were worth $1,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares in the last quarter. Legal & General Group Plc boosted its stake in Marsh & McLennan Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock valued at $954,712,000 after buying an additional 223,257 shares in the last quarter. Clearbridge Investments LLC raised its stake in Marsh & McLennan Companies by 1.7% during the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after acquiring an additional 58,461 shares in the last quarter. Jensen Investment Management Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Marsh & McLennan Companies by 5.7% during the first quarter. Capital Research Global Investors now owns 2,262,010 shares of the financial services provider’s stock valued at $465,929,000 after purchasing an additional 121,260 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Bank of America raised their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada upped their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $225.33.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $223.67 on Tuesday. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $232.32. The stock has a market cap of $109.85 billion, a PE ratio of 27.55, a P/E/G ratio of 3.30 and a beta of 0.94. The firm has a 50-day moving average of $224.17 and a 200-day moving average of $218.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.