Nations Monetary Group Inc. IA ADV elevated its place in shares of Marsh & McLennan Firms, Inc. (NYSE:MMC – Free Report) by 33.1% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 2,352 shares of the monetary providers supplier’s inventory after buying a further 585 shares in the course of the quarter. Nations Monetary Group Inc. IA ADV’s holdings in Marsh & McLennan Firms had been price $525,000 as of its most up-to-date SEC submitting.
Plenty of different hedge funds and different institutional buyers additionally lately purchased and offered shares of the corporate. Assenagon Asset Administration S.A. elevated its holdings in shares of Marsh & McLennan Firms by 4,991.4% in the course of the second quarter. Assenagon Asset Administration S.A. now owns 693,087 shares of the monetary providers supplier’s inventory valued at $146,047,000 after buying a further 679,474 shares within the final quarter. M&G Plc bought a brand new place in shares of Marsh & McLennan Firms within the first quarter price $118,353,000. Bristol Gate Capital Companions Inc. bought a brand new place in shares of Marsh & McLennan Firms within the first quarter price $95,139,000. Worldwide Property Funding Administration LLC grew its holdings in shares of Marsh & McLennan Firms by 31,846.5% in the course of the third quarter. Worldwide Property Funding Administration LLC now owns 427,764 shares of the monetary providers supplier’s inventory valued at $95,430,000 after shopping for a further 426,425 shares over the last quarter. Lastly, Worth T Rowe Associates Inc. MD raised its stake in Marsh & McLennan Firms by 3.7% within the 1st quarter. Worth T Rowe Associates Inc. MD now owns 10,624,073 shares of the monetary providers supplier’s inventory price $2,188,348,000 after buying a further 380,828 shares over the last quarter. Hedge funds and different institutional buyers personal 87.99% of the corporate’s inventory.
Insider Exercise
In associated information, Director Oscar Fanjul offered 2,500 shares of the corporate’s inventory in a transaction dated Wednesday, October thirtieth. The shares had been offered at a mean value of $221.55, for a complete transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the corporate’s inventory, valued at roughly $10,756,030.95. This represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by the SEC web site. Firm insiders personal 0.30% of the corporate’s inventory.
Wall Road Analysts Forecast Development
Plenty of analysis analysts have lately weighed in on the corporate. Roth Mkm elevated their value goal on Marsh & McLennan Firms from $220.00 to $230.00 and gave the corporate a “impartial” ranking in a report on Friday, October 18th. Wells Fargo & Firm diminished their value goal on shares of Marsh & McLennan Firms from $212.00 to $211.00 and set an “equal weight” ranking for the corporate in a analysis report on Thursday, October tenth. Barclays assumed protection on shares of Marsh & McLennan Firms in a report on Wednesday, September 4th. They issued an “equal weight” ranking and a $236.00 value goal on the inventory. Jefferies Monetary Group boosted their goal value on shares of Marsh & McLennan Firms from $219.00 to $222.00 and gave the corporate a “maintain” ranking in a analysis report on Wednesday, October ninth. Lastly, Keefe, Bruyette & Woods elevated their value goal on Marsh & McLennan Firms from $209.00 to $212.00 and gave the inventory an “underperform” ranking in a analysis report on Tuesday, October twenty second. Two equities analysis analysts have rated the inventory with a promote ranking, twelve have given a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. In accordance with knowledge from MarketBeat.com, the corporate has a consensus ranking of “Maintain” and a mean goal value of $225.33.
Learn Our Newest Report on MMC
Marsh & McLennan Firms Inventory Up 0.2 %
MMC inventory opened at $225.64 on Thursday. The inventory has a market capitalization of $110.82 billion, a P/E ratio of 27.84, a P/E/G ratio of three.35 and a beta of 0.94. Marsh & McLennan Firms, Inc. has a 52 week low of $184.28 and a 52 week excessive of $232.32. The agency has a 50-day easy transferring common of $224.68 and a 200-day easy transferring common of $217.64. The corporate has a fast ratio of 1.14, a present ratio of 1.14 and a debt-to-equity ratio of 0.89.
Marsh & McLennan Firms (NYSE:MMC – Get Free Report) final introduced its earnings outcomes on Thursday, October seventeenth. The monetary providers supplier reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The enterprise had income of $5.70 billion in the course of the quarter, in comparison with analysts’ expectations of $5.71 billion. Marsh & McLennan Firms had a return on fairness of 32.65% and a web margin of 16.82%. The enterprise’s income was up 5.9% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the agency earned $1.57 earnings per share. Equities analysts forecast that Marsh & McLennan Firms, Inc. will put up 8.7 earnings per share for the present fiscal yr.
Marsh & McLennan Firms Dividend Announcement
The agency additionally lately introduced a quarterly dividend, which can be paid on Friday, November fifteenth. Stockholders of document on Friday, October 4th can be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized foundation and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Firms’s payout ratio is 40.15%.
Marsh & McLennan Firms Profile
Marsh & McLennan Firms, Inc, knowledgeable providers firm, offers recommendation and options to shoppers within the areas of threat, technique, and other people worldwide. It operates by Threat and Insurance coverage Providers, and Consulting segments. The Threat and Insurance coverage Providers phase provides threat administration providers, corresponding to threat recommendation, threat switch, and threat management and mitigation options, in addition to insurance coverage and reinsurance broking, strategic advisory providers, and analytics options, and insurance coverage program administration providers.
See Additionally
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