Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 26,282 Shares of Marsh & McLennan Companies, Inc. (MMC)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.3% in the first quarter, HoldingsChannel reports. The firm owned 162,628 shares of the financial services provider’s stock after buying an additional 26,282 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Marsh & McLennan Companies were worth $15,271,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MMC. Oregon Public Employees Retirement Fund increased its holdings in shares of Marsh & McLennan Companies by 7,364.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,053,539 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 8,932,244 shares in the last quarter. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $330,042,000. BlackRock Inc. increased its holdings in shares of Marsh & McLennan Companies by 7.0% in the 4th quarter. BlackRock Inc. now owns 42,432,232 shares of the financial services provider’s stock worth $3,383,971,000 after purchasing an additional 2,758,761 shares in the last quarter. Alleghany Corp DE bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $79,750,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Marsh & McLennan Companies by 13.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock worth $640,917,000 after purchasing an additional 945,494 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

In other Marsh & McLennan Companies news, insider Scott Mcdonald sold 11,245 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $90.34, for a total transaction of $1,015,873.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stacy Mills sold 1,245 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total value of $115,287.00. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $270,669.80. The disclosure for this sale can be found here. Insiders sold 223,725 shares of company stock valued at $20,508,280 in the last ninety days. 1.16% of the stock is currently owned by corporate insiders.

Shares of MMC opened at $93.64 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 1.21. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $95.82. The firm has a market capitalization of $47.30 billion, a P/E ratio of 21.53, a PEG ratio of 1.71 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. Marsh & McLennan Companies’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 4.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, April 9th. Marsh & McLennan Companies’s payout ratio is currently 38.16%.

A number of research firms have commented on MMC. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Goldman Sachs Group began coverage on Marsh & McLennan Companies in a report on Monday, April 8th. They issued a “neutral” rating and a $98.00 target price for the company. Citigroup set a $99.00 target price on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. Wells Fargo & Co reissued a “market perform” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a report on Friday, April 5th. Finally, Compass Point initiated coverage on Marsh & McLennan Companies in a report on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $93.60.

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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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