Rhumbline Advisers Purchases 5,238 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rhumbline Advisers raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 887,049 shares of the financial services provider’s stock after purchasing an additional 5,238 shares during the period. Rhumbline Advisers owned 0.18% of Marsh & McLennan Companies worth $154,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital World Investors raised its position in Marsh & McLennan Companies by 5.2% in the 3rd quarter. Capital World Investors now owns 17,268,206 shares of the financial services provider’s stock worth $2,615,084,000 after purchasing an additional 855,424 shares during the period. Mawer Investment Management Ltd. increased its holdings in Marsh & McLennan Companies by 9.9% during the third quarter. Mawer Investment Management Ltd. now owns 7,137,279 shares of the financial services provider’s stock valued at $1,080,798,000 after buying an additional 642,308 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Marsh & McLennan Companies by 18.1% during the third quarter. UBS Asset Management Americas Inc. now owns 6,884,369 shares of the financial services provider’s stock valued at $1,042,500,000 after buying an additional 1,054,561 shares during the period. Goldman Sachs Group Inc. increased its holdings in Marsh & McLennan Companies by 54.3% during the third quarter. Goldman Sachs Group Inc. now owns 5,809,612 shares of the financial services provider’s stock valued at $879,750,000 after buying an additional 2,045,041 shares during the period. Finally, Longview Partners Guernsey LTD increased its holdings in Marsh & McLennan Companies by 131.5% during the third quarter. Longview Partners Guernsey LTD now owns 4,765,627 shares of the financial services provider’s stock valued at $721,659,000 after buying an additional 2,706,929 shares during the period. 88.61% of the stock is currently owned by institutional investors.

MMC traded up $3.98 on Friday, hitting $159.95. 1,493,584 shares of the company traded hands, compared to its average volume of 2,132,526. The stock has a market capitalization of $80.28 billion, a PE ratio of 25.31, a PEG ratio of 2.66 and a beta of 0.95. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $164.58 and a 200-day moving average of $163.25. Marsh & McLennan Companies, Inc. has a 12-month low of $131.96 and a 12-month high of $183.14.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last announced its earnings results on Thursday, April 21st. The financial services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.16. Marsh & McLennan Companies had a return on equity of 31.17% and a net margin of 15.93%. The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. Marsh & McLennan Companies’s quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 6.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Wednesday, April 6th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, April 5th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 33.86%.

Marsh & McLennan Companies declared that its Board of Directors has authorized a stock repurchase program on Wednesday, March 23rd that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Several equities analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $164.00 to $183.00 in a report on Tuesday, May 3rd. Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $167.00 to $178.00 and gave the company an “equal weight” rating in a research note on Thursday, April 14th. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $170.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday, April 22nd. StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Saturday, April 30th. Finally, Raymond James boosted their price target on shares of Marsh & McLennan Companies from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.73.

In other news, CEO Martine Ferland sold 4,797 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $158.28, for a total transaction of $759,269.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Martin South sold 2,950 shares of the firm’s stock in a transaction on Monday, April 25th. The stock was sold at an average price of $169.26, for a total value of $499,317.00. Following the sale, the chief executive officer now owns 1,301 shares in the company, valued at approximately $220,207.26. The disclosure for this sale can be found here. Insiders have sold 9,538 shares of company stock worth $1,565,223 in the last 90 days. Insiders own 0.80% of the company’s stock.

About Marsh & McLennan Companies (Get Rating)

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 and 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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