Marsh & McLennan Companies, Inc. (MMC) Position Raised by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,515,535 shares of the financial services provider’s stock after buying an additional 3,652 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Marsh & McLennan Companies worth $111,983,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MMC. State Street Corp raised its stake in Marsh & McLennan Companies by 9.7% in the fourth quarter. State Street Corp now owns 23,170,569 shares of the financial services provider’s stock valued at $1,566,095,000 after buying an additional 2,054,441 shares during the last quarter. Capital International Investors raised its stake in Marsh & McLennan Companies by 0.5% in the third quarter. Capital International Investors now owns 10,914,597 shares of the financial services provider’s stock valued at $734,007,000 after buying an additional 54,203 shares during the last quarter. Macquarie Group Ltd. raised its stake in Marsh & McLennan Companies by 1.7% in the fourth quarter. Macquarie Group Ltd. now owns 10,734,670 shares of the financial services provider’s stock valued at $725,556,000 after buying an additional 181,164 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Marsh & McLennan Companies by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,640,025 shares of the financial services provider’s stock valued at $516,389,000 after buying an additional 337,926 shares during the last quarter. Finally, UBS Group AG raised its stake in Marsh & McLennan Companies by 6.3% in the third quarter. UBS Group AG now owns 5,769,199 shares of the financial services provider’s stock valued at $387,979,000 after buying an additional 341,163 shares during the last quarter. 84.44% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.12% on Friday, reaching $74.59. The company had a trading volume of 1,105,096 shares. The firm’s 50 day moving average is $73.52 and its 200 day moving average is $70.82. The firm has a market capitalization of $38.35 billion, a PE ratio of 20.96 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $75.52.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 27th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.98 by $0.10. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.46 billion. Marsh & McLennan Companies had a return on equity of 26.99% and a net margin of 13.38%. Marsh & McLennan Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 11th will be issued a dividend of $0.375 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 annualized dividend and a dividend yield of 2.01%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.24%.

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MMC has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $76.00 price target on shares of Marsh & McLennan Companies in a research note on Thursday, February 2nd. Bank of America Corp raised Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, January 27th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Tuesday, April 4th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, April 27th. Finally, Deutsche Bank AG lifted their target price on Marsh & McLennan Companies from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $75.97.

In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 488,487 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $73.17, for a total transaction of $35,742,593.79. Following the transaction, the insider now owns 483,211 shares of the company’s stock, valued at $35,356,548.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel S. Glaser sold 208,651 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $73.86, for a total value of $15,410,962.86. Following the transaction, the insider now directly owns 374,019 shares in the company, valued at approximately $27,625,043.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 888,454 shares of company stock worth $65,315,628. Corporate insiders own 1.51% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

5 Day Chart for NYSE:MMC

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