AustralianSuper Pty Ltd Has $5.38 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

AustralianSuper Pty Ltd grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,321 shares of the financial services provider’s stock after purchasing an additional 1,424 shares during the period. AustralianSuper Pty Ltd’s holdings in Marsh & McLennan Companies were worth $5,378,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after buying an additional 85,754 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after buying an additional 184,239 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Marsh & McLennan Companies by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock valued at $603,205,000 after buying an additional 30,367 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $228.95 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The firm has a market cap of $112.44 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The business has a fifty day moving average of $216.79 and a 200-day moving average of $221.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MMC shares. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Raymond James reaffirmed an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group upped their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Company 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.