26,766 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,766 shares of the financial services provider’s stock, valued at approximately $2,314,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Glenview Trust Co grew its position in Marsh & McLennan Companies by 2.0% during the 4th quarter. Glenview Trust Co now owns 4,388 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 86 shares during the last quarter. Coastal Capital Group Inc. grew its position in Marsh & McLennan Companies by 31.7% during the 4th quarter. Coastal Capital Group Inc. now owns 395 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 95 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Marsh & McLennan Companies by 2.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 4,927 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 96 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Marsh & McLennan Companies by 0.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,888 shares of the financial services provider’s stock worth $3,218,000 after acquiring an additional 99 shares during the last quarter. Finally, Evercore Wealth Management LLC grew its position in Marsh & McLennan Companies by 1.2% during the 4th quarter. Evercore Wealth Management LLC now owns 8,821 shares of the financial services provider’s stock worth $983,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Shares of NYSE MMC opened at $104.50 on Friday. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 4.91 and a beta of 0.88. The business has a 50-day moving average of $96.78 and a 200-day moving average of $104.84. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.33 and a fifty-two week high of $119.88.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.08. The business 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current year.

The firm 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. The ex-dividend date was Tuesday, April 7th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.74%. Marsh & McLennan Companies’s payout ratio is 39.06%.

MMC has been the topic of a number of recent research reports. Citigroup decreased their price objective on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Raymond James decreased their price objective on Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. UBS Group upgraded Marsh & McLennan Companies to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, April 14th. Goldman Sachs Group upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $117.00 to $100.00 in a research report on Monday, April 13th. Finally, Wells Fargo & Co cut their price target on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $108.50.

About Marsh & McLennan Companies

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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