Corient Private Wealth LLC Has $88.14 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Corient Private Wealth LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,125 shares of the financial services provider’s stock after buying an additional 41,714 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Marsh & McLennan Companies worth $88,139,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MMC. Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after purchasing an additional 837,117 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after buying an additional 4,505,548 shares in the last quarter. Geode Capital Management LLC raised its position in Marsh & McLennan Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after buying an additional 196,475 shares during the period. Norges Bank acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $1,328,587,000. Finally, Goldman Sachs Group Inc. grew its stake in Marsh & McLennan Companies by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock valued at $1,060,362,000 after acquiring an additional 340,907 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Up 0.6%

MMC stock opened at $187.33 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a market cap of $91.78 billion, a PE ratio of 22.46, a PEG ratio of 3.20 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The company has a fifty day simple moving average of $185.81 and a 200 day simple moving average of $201.01.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Analyst Ratings Changes

Several research firms recently commented on MMC. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $200.00 to $195.00 in a report on Monday, October 20th. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $209.00 to $191.00 in a research note on Friday, October 17th. Barclays raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $221.00 to $206.00 in a research note on Thursday, November 20th. Morgan Stanley reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $223.00.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.