Continuum Advisory LLC Has $282,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Continuum Advisory LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 58.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,271 shares of the financial services provider’s stock after purchasing an additional 470 shares during the period. Continuum Advisory LLC’s holdings in Marsh & McLennan Companies were worth $282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in shares of Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after acquiring an additional 679,474 shares in the last quarter. FMR LLC boosted its holdings in Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Marsh & McLennan Companies by 127.9% in 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 buying an additional 504,897 shares during the last quarter. International Assets Investment Management LLC lifted its position 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 worth $95,430,000 after buying an additional 426,425 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Marsh & McLennan Companies by 93.9% in the 2nd quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock worth $160,563,000 after buying an additional 368,970 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. 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. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $227.60.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $215.59 on Wednesday. The company’s 50 day simple moving average is $224.70 and its two-hundred day simple moving average is $220.65. 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 stock has a market capitalization of $105.88 billion, a PE ratio of 26.55, a P/E/G ratio of 2.71 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted 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. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the company earned $1.57 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s 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 sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% 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.