Tredje AP fonden Sells 8,635 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tredje AP fonden decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,924 shares of the financial services provider’s stock after selling 8,635 shares during the period. Tredje AP fonden’s holdings in Marsh & McLennan Companies were worth $3,308,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Marsh & McLennan Companies by 3.0% during the 1st quarter. BlackRock Inc. now owns 42,886,436 shares of the financial services provider’s stock valued at $3,707,959,000 after purchasing an additional 1,239,186 shares during the last quarter. Capital International Investors grew its holdings in shares of Marsh & McLennan Companies by 1.7% during the 4th quarter. Capital International Investors now owns 19,957,254 shares of the financial services provider’s stock valued at $2,223,439,000 after purchasing an additional 331,061 shares during the last quarter. FMR LLC grew its holdings in shares of Marsh & McLennan Companies by 4.7% during the 4th quarter. FMR LLC now owns 15,342,313 shares of the financial services provider’s stock valued at $1,709,286,000 after purchasing an additional 695,443 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Marsh & McLennan Companies by 49.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,676,660 shares of the financial services provider’s stock valued at $1,412,306,000 after purchasing an additional 4,206,455 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Marsh & McLennan Companies by 6.4% during the 4th quarter. Macquarie Group Ltd. now owns 8,054,969 shares of the financial services provider’s stock valued at $897,404,000 after purchasing an additional 487,837 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

MMC traded down $0.04 during trading on Friday, hitting $104.50. 1,866,495 shares of the stock traded hands, compared to its average volume of 3,283,468. The firm has a 50-day moving average of $96.78 and a 200 day moving average of $104.84. Marsh & McLennan Companies, Inc. has a 12-month low of $74.33 and a 12-month high of $119.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $52.91 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 4.91 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.08. Marsh & McLennan Companies had a net margin of 10.33% and a return on equity of 30.94%. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the company posted $1.52 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

The business also recently announced 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 annualized dividend and a dividend yield of 1.74%. Marsh & McLennan Companies’s dividend payout ratio is 39.06%.

Several equities analysts recently commented on MMC shares. Cfra raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and reduced their target price for the company from $120.00 to $110.00 in a report on Thursday, April 30th. Citigroup reduced their target price on shares of Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Morgan Stanley increased their target price on shares of Marsh & McLennan Companies from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. MKM Partners dropped their price target on shares of Marsh & McLennan Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, UBS Group raised shares of Marsh & McLennan Companies to a “buy” rating and set a $120.00 price target for the company in a research report on Tuesday, April 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Marsh & McLennan Companies presently has an average 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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