Healthcare of Ontario Pension Plan Trust Fund Takes $37.14 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 223,000 shares of the financial services provider’s stock, valued at approximately $37,141,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $25,000. Ridgewood Investments LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $32,000. Tradewinds Capital Management LLC increased its stake in Marsh & McLennan Companies by 471.4% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the financial services provider’s stock worth $33,000 after buying an additional 165 shares in the last quarter. FNY Investment Advisers LLC lifted its position in shares of Marsh & McLennan Companies by 94.2% in the first quarter. FNY Investment Advisers LLC now owns 233 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 113 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $43,000. 86.64% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

MMC opened at $194.81 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $148.11 and a 12-month high of $197.79. The business’s fifty day simple moving average is $190.44 and its 200-day simple moving average is $178.59. The company has a market capitalization of $96.23 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.42 and a beta of 0.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.84.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.08. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Marsh & McLennan Companies had a net margin of 15.20% and a return on equity of 33.69%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Thursday, July 27th were paid a dividend of $0.71 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.59. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, July 26th. Marsh & McLennan Companies’s dividend payout ratio is 43.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $202.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, July 21st. Evercore ISI raised Marsh & McLennan Companies from an “in-line” rating to an “outperform” rating and increased their price target for the company from $195.00 to $199.00 in a research note on Thursday, June 8th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $182.00 to $197.00 in a report on Thursday, July 6th. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $168.00 to $192.00 in a research report on Monday, May 15th. Finally, Raymond James raised their price target on Marsh & McLennan Companies from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $193.23.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total transaction of $584,700.00. Following the completion of the sale, the director now directly owns 63,012 shares of the company’s stock, valued at $12,281,038.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total value of $584,700.00. Following the completion of the sale, the director now owns 63,012 shares of the company’s stock, valued at $12,281,038.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 70,106 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $185.53, for a total transaction of $13,006,766.18. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,248,279.34. The disclosure for this sale can be found here. Insiders have sold a total of 86,082 shares of company stock valued at $16,085,453 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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 and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services.