Northwestern Mutual Investment Management Company LLC Purchases 6,732 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Northwestern Mutual Investment Management Company LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 34.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,336 shares of the financial services provider’s stock after acquiring an additional 6,732 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Marsh & McLennan Companies were worth $2,277,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MMC. Janney Montgomery Scott LLC grew its stake in shares of Marsh & McLennan Companies by 6.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 57,435 shares of the financial services provider’s stock worth $6,399,000 after acquiring an additional 3,267 shares during the period. Savior LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $30,000. Howland Capital Management LLC boosted its stake in Marsh & McLennan Companies by 2.4% in the 4th quarter. Howland Capital Management LLC now owns 9,020 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 211 shares during the period. Advisor Partners LLC boosted its stake in Marsh & McLennan Companies by 6.8% in the 4th quarter. Advisor Partners LLC now owns 15,893 shares of the financial services provider’s stock worth $1,783,000 after purchasing an additional 1,005 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its stake in Marsh & McLennan Companies by 4.9% in the 4th quarter. Sumitomo Life Insurance Co. now owns 25,393 shares of the financial services provider’s stock worth $2,829,000 after purchasing an additional 1,178 shares during the period. Institutional investors own 87.36% of the company’s stock.

Several research analysts have commented on the company. Wells Fargo & Co cut their target price on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. MKM Partners cut their target price on Marsh & McLennan Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. UBS Group upgraded Marsh & McLennan Companies to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, April 14th. Citigroup cut their target price on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Atlantic Securities raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a report on Tuesday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $108.50.

NYSE:MMC opened at $104.50 on Friday. The stock has a market cap of $52.91 billion, a P/E ratio of 30.03, a PEG ratio of 4.91 and a beta of 0.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.51. Marsh & McLennan Companies, Inc. has a twelve month low of $74.33 and a twelve month high of $119.88. The business’s 50-day moving average price is $96.78 and its two-hundred day moving average price is $104.84.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.08. The company had revenue of $4.65 billion for 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 for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Wednesday, April 8th were issued a dividend of $0.455 per share. 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 dividend payout ratio is 39.06%.

Marsh & McLennan Companies Company 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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