Compagnie Lombard Odier SCmA Buys 104,484 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Marsh & McLennan Companies by 100.4% in Q2, now owning 208,567 shares valued at approximately $45.6 million.
• Analysts are adjusting price targets for Marsh & McLennan Companies, with the consensus price target set at $238.76 and ratings ranging from "Buy" to "Sell."
• The company declared a quarterly dividend of $0.90 per share, translating to an annualized yield of 1.8%, to be paid on November 14th.

Compagnie Lombard Odier SCmA boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 100.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,567 shares of the financial services provider's stock after acquiring an additional 104,484 shares during the period. Compagnie Lombard Odier SCmA's holdings in Marsh & McLennan Companies were worth $45,601,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MMC. Brighton Jones LLC boosted its holdings in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $37,178,000. Bison Wealth LLC boosted its holdings 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 buying an additional 869 shares in the last quarter. Woodline Partners LP bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $821,000. Finally, Forum Financial Management LP boosted its holdings in shares of Marsh & McLennan Companies by 21.3% during the 4th quarter. Forum Financial Management LP now owns 3,246 shares of the financial services provider's stock worth $689,000 after buying an additional 570 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley cut their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Wolfe Research assumed coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Barclays lowered 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. Finally, UBS Group lowered their price target on 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. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $238.76.

Marsh & McLennan Companies Stock Up 0.1%

MMC stock opened at $197.03 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The company's 50 day moving average is $204.89 and its 200 day moving average is $218.56. The stock has a market cap of $96.86 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the prior year, the business earned $2.41 earnings per share. Marsh & McLennan Companies's revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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 given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% 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. 0.35% of the stock is owned by insiders.

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.

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