Adero Partners LLC Has $607,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Adero Partners LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,721 shares of the financial services provider’s stock after acquiring an additional 60 shares during the period. Adero Partners LLC’s holdings in Marsh & McLennan Companies were worth $607,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Schear Investment Advisers LLC boosted its position in Marsh & McLennan Companies by 29.8% in the third quarter. Schear Investment Advisers LLC now owns 1,862 shares of the financial services provider’s stock valued at $415,000 after buying an additional 428 shares in the last quarter. Kinsale Capital Group Inc. boosted its position in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after buying an additional 3,880 shares in the last quarter. Turtle Creek Wealth Advisors LLC boosted its position in Marsh & McLennan Companies by 3.0% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock valued at $414,000 after buying an additional 54 shares in the last quarter. Heritage Investment Group Inc. acquired a new position in Marsh & McLennan Companies in the third quarter valued at about $210,000. Finally, Natixis Advisors LLC boosted its position in Marsh & McLennan Companies by 6.3% in the third quarter. Natixis Advisors LLC now owns 759,300 shares of the financial services provider’s stock valued at $169,392,000 after buying an additional 44,938 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.3 %

MMC opened at $222.14 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $109.10 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94. The firm has a 50 day simple moving average of $224.31 and a 200 day simple moving average of $218.02.

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

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MMC. BMO Capital Markets boosted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. UBS Group upped their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on shares of 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, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Company 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.