Marsh & McLennan Companies, Inc. $MMC Shares Bought by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Marsh & McLennan Companies by 6.3% in the second quarter, holding 93,731 shares valued at approximately $20.49 million as of the last reporting period.
• The company reported $2.72 EPS for the last quarter, exceeding analysts' expectations, with year-over-year revenue growth of 12.1%.
• Marsh & McLennan announced a quarterly dividend of $0.90 per share, translating to an annualized payout of $3.60 and a dividend yield of 1.8%.

IFM Investors Pty Ltd grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,731 shares of the financial services provider's stock after buying an additional 5,577 shares during the quarter. IFM Investors Pty Ltd's holdings in Marsh & McLennan Companies were worth $20,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trust Point Inc. boosted its holdings in Marsh & McLennan Companies by 8.5% in the second quarter. Trust Point Inc. now owns 1,976 shares of the financial services provider's stock worth $432,000 after purchasing an additional 155 shares during the last quarter. Rockland Trust Co. boosted its stake in shares of Marsh & McLennan Companies by 46.5% during the 2nd quarter. Rockland Trust Co. now owns 1,339 shares of the financial services provider's stock worth $293,000 after acquiring an additional 425 shares during the last quarter. Mogy Joel R Investment Counsel Inc. raised its position in shares of Marsh & McLennan Companies by 6.2% during the 2nd quarter. Mogy Joel R Investment Counsel Inc. now owns 22,023 shares of the financial services provider's stock valued at $4,815,000 after purchasing an additional 1,295 shares during the period. Marshall Financial Group LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $841,000. Finally, NorthCrest Asset Manangement LLC raised its position in shares of Marsh & McLennan Companies by 61.8% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 1,893 shares of the financial services provider's stock valued at $407,000 after purchasing an additional 723 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MMC. Wolfe Research began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. UBS Group reduced their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Morgan Stanley reduced their target price on shares of 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 reduced their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. Finally, Citigroup began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target for the company. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $238.76.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business's 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 completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Trading Up 0.1%

Shares of MMC traded up $0.25 during trading on Monday, reaching $197.03. 2,355,745 shares of the company traded hands, compared to its average volume of 2,258,558. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The stock has a market cap of $96.86 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. The stock has a 50-day simple moving average of $205.22 and a 200-day simple moving average of $218.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19.

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 EPS for the quarter, beating 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 business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm posted $2.41 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Marsh & McLennan Companies Company Profile

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.