Dimensional Fund Advisors LP Has $416.99 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dimensional Fund Advisors LP lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,978,875 shares of the financial services provider’s stock after acquiring an additional 190,371 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.40% of Marsh & McLennan Companies worth $416,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies in the first quarter worth $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the first quarter worth $27,000. Sachetta LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $29,000. Clear Investment Research LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $33,000. Finally, Crewe Advisors LLC boosted its holdings in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $231.17 on Tuesday. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $113.90 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The firm has a 50-day moving average price of $222.50 and a 200 day moving average price of $211.78.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the business posted $2.20 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Finally, Bank of America upped their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $215.53.

Insider Buying and Selling

In other news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

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 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.