Royal London Asset Management Ltd. Invests $26.01 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock

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Royal London Asset Management Ltd. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 317,246 shares of the financial services provider’s stock, valued at approximately $26,006,000. Royal London Asset Management Ltd. owned 0.06% of Marsh & McLennan Companies as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its position in Marsh & McLennan Companies by 1.6% in the 2nd quarter. Northern Trust Corp now owns 6,669,122 shares of the financial services provider’s stock valued at $546,668,000 after acquiring an additional 106,883 shares during the period. Schroder Investment Management Group increased its position in Marsh & McLennan Companies by 47.8% in the 2nd quarter. Schroder Investment Management Group now owns 226,104 shares of the financial services provider’s stock valued at $18,321,000 after acquiring an additional 73,121 shares during the period. Advisors Asset Management Inc. increased its position in Marsh & McLennan Companies by 2.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 151,622 shares of the financial services provider’s stock valued at $12,428,000 after acquiring an additional 4,057 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $267,000. Finally, SRS Capital Advisors Inc. increased its position in Marsh & McLennan Companies by 3,497.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,189 shares during the period. Hedge funds and other institutional investors own 85.96% of the company’s stock.

MMC has been the topic of several recent research reports. Citigroup dropped their price target on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, September 20th. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Raymond James lowered Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th. Wells Fargo & Co reaffirmed a “sell” rating on shares of Marsh & McLennan Companies in a report on Monday, October 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $92.80.

MMC traded down $0.06 during trading on Friday, reaching $79.58. The company’s stock had a trading volume of 2,138,670 shares, compared to its average volume of 1,875,151. The firm has a market capitalization of $41.77 billion, a PE ratio of 20.30, a P/E/G ratio of 1.54 and a beta of 0.94. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.75. Marsh & McLennan Companies, Inc. has a 52-week low of $78.60 and a 52-week high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Marsh & McLennan Companies had a return on equity of 29.26% and a net margin of 11.13%. Marsh & McLennan Companies’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 42.35%.

In other news, SVP E Scott Gilbert sold 80,646 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the sale, the senior vice president now owns 123,843 shares of the company’s stock, valued at approximately $10,482,071.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.16% of the stock is owned by insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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