Cynosure Group LLC Has $551,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cynosure Group LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,469 shares of the financial services provider’s stock after acquiring an additional 57 shares during the quarter. Cynosure Group LLC’s holdings in Marsh & McLennan Companies were worth $551,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $3,710,000. Czech National Bank raised its holdings in Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after acquiring an additional 6,282 shares in the last quarter. Raymond James & Associates raised its holdings in Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after acquiring an additional 23,133 shares in the last quarter. Cetera Investment Advisers raised its holdings in Marsh & McLennan Companies by 236.7% in the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after acquiring an additional 39,013 shares in the last quarter. Finally, Kinsale Capital Group Inc. raised its holdings in Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after acquiring an additional 3,880 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Royal Bank of Canada upped their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. UBS Group upped their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, Roth Mkm increased their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $227.60.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE:MMC opened at $233.23 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $235.21. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $114.54 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.78 and a beta of 0.94. The stock’s fifty day simple moving average is $223.89 and its 200-day simple moving average is $219.40.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the company earned $1.57 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

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.