Marsh & McLennan Companies (NYSE:MMC) Holdings Reduced by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its stake in Marsh & McLennan Companies (NYSE:MMC) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,938,966 shares of the financial services provider’s stock after selling 320,301 shares during the period. Macquarie Group Ltd. owned 1.56% of Marsh & McLennan Companies worth $646,320,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Harrington Investments INC increased its stake in Marsh & McLennan Companies by 1.8% in the fourth quarter. Harrington Investments INC now owns 32,886 shares of the financial services provider’s stock valued at $2,677,000 after purchasing an additional 589 shares during the last quarter. Private Advisor Group LLC increased its stake in Marsh & McLennan Companies by 2.3% in the third quarter. Private Advisor Group LLC now owns 27,614 shares of the financial services provider’s stock valued at $2,302,000 after purchasing an additional 609 shares during the last quarter. Advisor Group Inc. grew its position in shares of Marsh & McLennan Companies by 3.1% during the third quarter. Advisor Group Inc. now owns 21,780 shares of the financial services provider’s stock worth $1,826,000 after acquiring an additional 651 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Marsh & McLennan Companies by 4.5% during the third quarter. Oppenheimer & Co. Inc. now owns 15,759 shares of the financial services provider’s stock worth $1,321,000 after acquiring an additional 675 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Marsh & McLennan Companies by 2.7% during the third quarter. Nordea Investment Management AB now owns 26,526 shares of the financial services provider’s stock worth $2,223,000 after acquiring an additional 705 shares during the last quarter. Institutional investors own 85.76% of the company’s stock.

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In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,145 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $82.95, for a total value of $94,977.75. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $242,462.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel S. Glaser sold 41,504 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $81.88, for a total value of $3,398,347.52. Following the completion of the sale, the insider now directly owns 278,792 shares of the company’s stock, valued at approximately $22,827,488.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,855 shares of company stock valued at $12,395,268. Corporate insiders own 1.46% of the company’s stock.

Shares of NYSE MMC opened at $80.72 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.31. Marsh & McLennan Companies has a 1-year low of $71.79 and a 1-year high of $86.54. The firm has a market cap of $41,614.80, a P/E ratio of 20.59, a P/E/G ratio of 1.47 and a beta of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. sell-side analysts predict that Marsh & McLennan Companies will post 4.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, April 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is presently 38.27%.

A number of equities analysts have recently issued reports on MMC shares. Royal Bank of Canada restated a “buy” rating and set a $93.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, December 27th. Wells Fargo restated a “buy” rating and set a $91.00 target price on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. Citigroup lowered their target price on shares of Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Finally, Barclays raised their target price on shares of Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $90.00.

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Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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