JLB & Associates Inc. Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

JLB & Associates Inc. lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,488 shares of the financial services provider’s stock after purchasing an additional 202 shares during the quarter. Marsh & McLennan Companies accounts for approximately 2.0% of JLB & Associates Inc.’s portfolio, making the stock its 21st largest holding. JLB & Associates Inc.’s holdings in Marsh & McLennan Companies were worth $10,608,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MMC. IFM Investors Pty Ltd grew its position in shares of Marsh & McLennan Companies by 12.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 41,894 shares of the financial services provider’s stock valued at $4,805,000 after acquiring an additional 4,670 shares during the period. Surevest LLC purchased a new position in Marsh & McLennan Companies during the third quarter worth approximately $229,000. Mission Wealth Management LP grew its holdings in Marsh & McLennan Companies by 3.9% in the third quarter. Mission Wealth Management LP now owns 5,157 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 195 shares during the period. Stokes Capital Advisors LLC increased its position in shares of Marsh & McLennan Companies by 3.6% in the third quarter. Stokes Capital Advisors LLC now owns 29,131 shares of the financial services provider’s stock valued at $3,341,000 after buying an additional 1,004 shares in the last quarter. Finally, Asio Capital LLC raised its stake in shares of Marsh & McLennan Companies by 9.5% during the 3rd quarter. Asio Capital LLC now owns 3,284 shares of the financial services provider’s stock worth $377,000 after buying an additional 284 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. Bank of America cut shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $115.00 to $113.00 in a research note on Friday, August 21st. BofA Securities lowered shares of Marsh & McLennan Companies from a “neutral” rating to an “underperform” rating and set a $113.00 target price on the stock. in a research report on Friday, August 21st. Raymond James boosted their target price on shares of Marsh & McLennan Companies from $105.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $116.00 price target on the stock. in a research note on Monday, October 12th. Finally, Morgan Stanley lifted their price objective on Marsh & McLennan Companies from $120.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.86.

Shares of MMC stock traded up $0.58 during trading hours on Friday, reaching $114.94. The company had a trading volume of 1,606,906 shares, compared to its average volume of 2,226,516. Marsh & McLennan Companies, Inc. has a 12-month low of $74.33 and a 12-month high of $120.97. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $58.22 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 7.95 and a beta of 0.83. The stock has a fifty day moving average of $115.41 and a 200-day moving average of $108.09.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.19. Marsh & McLennan Companies had a return on equity of 31.82% and a net margin of 11.83%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 4.81 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.86 annualized dividend and a dividend yield of 1.62%. Marsh & McLennan Companies’s payout ratio is 39.91%.

In related news, SVP Laurie Ledford sold 4,114 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $115.78, for a total value of $476,318.92. Following the completion of the transaction, the senior vice president now directly owns 8,939 shares in the company, valued at $1,034,957.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Martine Ferland sold 2,940 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $112.90, for a total value of $331,926.00. Following the sale, the chief executive officer now directly owns 2,763 shares of the company’s stock, valued at approximately $311,942.70. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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

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