Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 30,649 shares of the financial services provider’s stock after purchasing an additional 1,701 shares during the quarter. Oak Ridge Investments LLC’s holdings in Marsh & McLennan Companies were worth $6,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ieq Capital LLC grew its stake in Marsh & McLennan Companies by 6.6% during the 2nd quarter. Ieq Capital LLC now owns 30,335 shares of the financial services provider’s stock valued at $6,392,000 after purchasing an additional 1,869 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Marsh & McLennan Companies by 6.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,900 shares of the financial services provider’s stock worth $822,000 after buying an additional 236 shares during the period. Canada Pension Plan Investment Board raised its position in Marsh & McLennan Companies by 30.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 337,980 shares of the financial services provider’s stock worth $71,219,000 after buying an additional 79,356 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Marsh & McLennan Companies by 313.5% during the 2nd quarter. King Luther Capital Management Corp now owns 57,532 shares of the financial services provider’s stock valued at $12,123,000 after acquiring an additional 43,618 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 10.5% in the second quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 272 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on MMC shares. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $215.23 on Friday. The company has a fifty day moving average of $218.62 and a two-hundred day moving average of $221.09. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The company has a market capitalization of $105.71 billion, a PE ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the firm posted $1.57 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.