Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Sompo Japan Nipponkoa Asset Management CO. LTD.

Sompo Japan Nipponkoa Asset Management CO. LTD. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 148.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,150 shares of the financial services provider’s stock after acquiring an additional 17,440 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Marsh & McLennan Companies were worth $2,520,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MMC. Great Diamond Partners LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. Savior LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $30,000. Fred Alger Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. HighMark Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Finally, Solstein Capital LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $41,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. MKM Partners decreased their price target on Marsh & McLennan Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Cfra raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and decreased their price target for the stock from $120.00 to $110.00 in a report on Thursday, April 30th. Atlantic Securities raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price target for the company in a report on Tuesday, May 12th. Wells Fargo & Co decreased their price target on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Finally, Citigroup decreased their price target on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $108.50.

NYSE:MMC traded down $0.04 during trading hours on Friday, hitting $104.50. The company’s stock had a trading volume of 1,866,495 shares, compared to its average volume of 3,283,468. The business’s 50-day moving average is $96.78 and its two-hundred day moving average is $104.84. The company has a market capitalization of $52.91 billion, a PE ratio of 30.03, a PEG ratio of 4.91 and a beta of 0.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52-week low of $74.33 and a 52-week high of $119.88.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.08. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Marsh & McLennan Companies had a return on equity of 30.94% and a net margin of 10.33%. Marsh & McLennan Companies’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Wednesday, April 8th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Tuesday, April 7th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.06%.

Marsh & McLennan Companies 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 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; and insurance program management services.

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

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