AMF Tjanstepension AB Boosts Stake in Marsh & McLennan Companies, Inc. $MMC

Key Points

• AMF Tjanstepension AB increased its stake in Marsh & McLennan Companies by 23.3%, holding 286,519 shares worth approximately $62.7 million after acquiring an additional 54,179 shares in the second quarter.
• CEO John Q. Doyle sold 21,079 shares at an average price of $205.65, reducing his holdings by 19.38% to 87,681 shares valued at around $18 million.
• Marsh & McLennan Companies announced a quarterly dividend of $0.90 per share, reflecting an annualized yield of 1.8% and a payout ratio of 43.17%.

AMF Tjanstepension AB boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 23.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,519 shares of the financial services provider's stock after acquiring an additional 54,179 shares during the quarter. AMF Tjanstepension AB owned about 0.06% of Marsh & McLennan Companies worth $62,658,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock worth $651,000 after acquiring an additional 869 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $101,000. Lmcg Investments LLC increased its stake in Marsh & McLennan Companies by 4.7% in the 1st quarter. Lmcg Investments LLC now owns 6,756 shares of the financial services provider's stock valued at $1,649,000 after purchasing an additional 304 shares in the last quarter. Finally, Vest Financial LLC purchased a new stake in Marsh & McLennan Companies during the first quarter worth $237,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company's stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $201.25 on Friday. The company has a market capitalization of $98.94 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.51 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00. The company's 50 day simple moving average is $202.96 and its 200 day simple moving average is $216.74.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $2.41 EPS. Marsh & McLennan Companies's revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research analyst reports. Barclays dropped their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. UBS Group cut their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price target on the stock. Morgan Stanley cut their price objective on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Finally, Citigroup initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $238.76.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.