MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 9,882 Shares of Marsh & McLennan Companies, Inc. $MMC

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,851 shares of the financial services provider's stock after purchasing an additional 9,882 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Marsh & McLennan Companies were worth $20,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies during the first quarter worth about $25,000. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $28,000. Activest Wealth Management raised its holdings in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after purchasing an additional 111 shares during the period. Ameriflex Group Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter valued at $37,000. Finally, City Holding Co. purchased a new stake in Marsh & McLennan Companies in the first quarter worth $37,000. 87.99% of the stock is 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 Marsh & McLennan Companies stock in a transaction 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 directly owned 87,681 shares of the company's stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded down $3.21 during trading hours on Wednesday, hitting $198.67. 2,529,194 shares of the company's stock traded hands, compared to its average volume of 1,767,458. Marsh & McLennan Companies, Inc. has a 52 week low of $196.27 and a 52 week high of $248.00. The business's fifty day simple moving average is $207.22 and its two-hundred day simple moving average is $220.84. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $97.67 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.54 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released 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 firm had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the firm posted $2.41 EPS. The company's revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, July 24th. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Analysts Set New Price Targets

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

Marsh & McLennan Companies 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.