Vestmark Advisory Solutions Inc. Acquires Shares of 20,970 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vestmark Advisory Solutions Inc. acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 20,970 shares of the financial services provider’s stock, valued at approximately $1,969,000.

A number of other large investors have also added to or reduced their stakes in MMC. Bayesian Capital Management LP acquired a new stake in shares of Marsh & McLennan Companies during the first quarter valued at about $272,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Marsh & McLennan Companies by 5.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,572,102 shares of the financial services provider’s stock valued at $429,320,000 after purchasing an additional 241,900 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of Marsh & McLennan Companies by 6.0% during the first quarter. Mission Wealth Management LP now owns 4,827 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 273 shares in the last quarter. Summit Global Investments boosted its stake in shares of Marsh & McLennan Companies by 2.5% during the first quarter. Summit Global Investments now owns 10,016 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 248 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Marsh & McLennan Companies by 10.3% during the first quarter. Fifth Third Bancorp now owns 53,698 shares of the financial services provider’s stock valued at $5,042,000 after purchasing an additional 5,026 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marsh & McLennan Companies stock traded up $0.17 during midday trading on Friday, reaching $98.18. The company had a trading volume of 2,189,122 shares, compared to its average volume of 1,790,983. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market cap of $50.20 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.81 and a beta of 0.79. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $100.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.19 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a $0.455 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, July 10th. Marsh & McLennan Companies’s payout ratio is currently 38.16%.

A number of analysts have recently commented on the company. ValuEngine raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods lowered Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $100.00 to $99.00 in a research note on Wednesday. Wells Fargo & Co reaffirmed 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, Goldman Sachs Group began 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $94.09.

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Marsh & McLennan Companies 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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