Assenagon Asset Management S.A. Has $451,000 Holdings in Marsh & McLennan Companies, Inc. (MMC)

Assenagon Asset Management S.A. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the financial services provider’s stock after selling 348 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Marsh & McLennan Companies were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its stake 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 valued at $3,383,971,000 after purchasing an additional 2,758,761 shares during the period. Vanguard Group Inc lifted its stake in shares of Marsh & McLennan Companies by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after purchasing an additional 218,725 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of 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 purchasing an additional 8,932,244 shares during the period. FMR LLC lifted its stake in shares of Marsh & McLennan Companies by 7.0% in the 4th quarter. FMR LLC now owns 8,354,055 shares of the financial services provider’s stock valued at $666,236,000 after purchasing an additional 544,951 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $640,917,000 after purchasing an additional 945,494 shares during the period. 86.69% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the company. Citigroup set a $99.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Saturday, February 2nd. Goldman Sachs Group assumed coverage on Marsh & McLennan Companies in a research note on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective on the stock. Zacks Investment Research downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Wells Fargo & Co reissued a “market perform” rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Finally, Compass Point assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.60.

In related news, VP Stacy Mills sold 1,245 shares of the company’s 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 transaction, 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 can be accessed through this link. Also, CFO Mark C. Mcgivney sold 6,519 shares of the company’s 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $3,119,593.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,691 shares of company stock worth $11,406,907. 1.16% of the stock is owned by company insiders.

MMC stock opened at $93.94 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $95.82. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $47.62 billion, a P/E ratio of 21.60, a PEG ratio of 1.72 and a beta of 0.86.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 38.16%.

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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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