Mason Street Advisors LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,060 shares of the financial services provider’s stock after acquiring an additional 1,044 shares during the quarter. Mason Street Advisors LLC’s holdings in Marsh & McLennan Companies were worth $6,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its holdings in 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 valued at $114,000 after buying an additional 8,932,244 shares during the period. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $330,042,000. BlackRock Inc. grew 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 during the last quarter. Alleghany Corp DE bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $79,750,000. Finally, JPMorgan Chase & Co. grew 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 during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

In related news, VP Stacy Mills sold 1,245 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $270,669.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 6,519 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $92.63, for a total value of $603,854.97. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $3,119,593.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,691 shares of company stock valued at $11,406,907. 1.16% of the stock is owned by company insiders.

Shares of NYSE:MMC traded down $0.18 during mid-day trading on Friday, reaching $95.53. The stock had a trading volume of 8,975 shares, compared to its average volume of 1,795,613. The company has a market capitalization of $48.05 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.73 and a beta of 0.86. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21. Marsh & McLennan Companies, Inc. has a twelve month low of $74.30 and a twelve month high of $96.34.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.19 billion. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. Marsh & McLennan Companies’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 4.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th were paid a dividend of $0.415 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.74%. Marsh & McLennan Companies’s payout ratio is 38.16%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a report on Monday, April 8th. They issued a “neutral” rating and a $98.00 target price on the stock. Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. ValuEngine raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $93.60.

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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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