Point72 Asia Singapore Pte. Ltd. Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1,634.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,023 shares of the financial services provider’s stock after purchasing an additional 3,791 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Marsh & McLennan Companies were worth $897,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after acquiring an additional 679,474 shares during the last quarter. FMR LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Marsh & McLennan Companies by 127.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after acquiring an additional 504,897 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after acquiring an additional 426,425 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Marsh & McLennan Companies by 93.9% during the 2nd quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock valued at $160,563,000 after acquiring an additional 368,970 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Down 0.0 %

Marsh & McLennan Companies stock opened at $233.23 on Monday. The stock has a market cap of $114.54 billion, a P/E ratio of 28.72, a PEG ratio of 2.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $235.50. The firm’s 50 day moving average price is $224.26 and its 200-day moving average price is $219.89.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Roth Mkm raised their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $227.60.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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.