Edgestream Partners L.P. Invests $774,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Edgestream Partners L.P. bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,476 shares of the financial services provider’s stock, valued at approximately $774,000.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Marsh & McLennan Companies by 3,253.2% in the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock valued at $2,767,683,000 after buying an additional 36,339,736 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Marsh & McLennan Companies by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after buying an additional 1,105,074 shares during the last quarter. State Street Corp raised its position in shares of Marsh & McLennan Companies by 2.5% in the first quarter. State Street Corp now owns 23,756,275 shares of the financial services provider’s stock worth $1,755,356,000 after buying an additional 585,706 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of 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 worth $725,556,000 after buying an additional 181,164 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Marsh & McLennan Companies by 1.0% in the first quarter. Artisan Partners Limited Partnership now owns 7,714,508 shares of the financial services provider’s stock worth $570,025,000 after buying an additional 74,483 shares during the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 78.68 on Friday. The stock’s 50 day moving average price is $78.84 and its 200-day moving average price is $74.42. The company has a market capitalization of $40.45 billion, a P/E ratio of 22.11 and a beta of 0.99. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. Marsh & McLennan Companies’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 11th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.91%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.44%.

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MMC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, April 4th. Deutsche Bank AG raised their target price on Marsh & McLennan Companies from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Barclays PLC raised their target price on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $75.00 price target on shares of Marsh & McLennan Companies in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $81.56.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $74.03, for a total value of $13,644,099.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.

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

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