Swiss National Bank raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,970,563 shares of the financial services provider’s stock after buying an additional 72,000 shares during the quarter. Swiss National Bank’s holdings in Marsh & McLennan Companies were worth $160,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MMC. Amundi Pioneer Asset Management Inc. increased its position in Marsh & McLennan Companies by 71.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 5,905,823 shares of the financial services provider’s stock valued at $494,967,000 after acquiring an additional 2,460,107 shares in the last quarter. JPMorgan Chase & Co. increased its position in Marsh & McLennan Companies by 35.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock valued at $561,069,000 after acquiring an additional 1,747,201 shares in the last quarter. Capital International Investors increased its position in Marsh & McLennan Companies by 10.7% in the 3rd quarter. Capital International Investors now owns 12,500,396 shares of the financial services provider’s stock valued at $1,047,658,000 after acquiring an additional 1,212,799 shares in the last quarter. Ameriprise Financial Inc. increased its position in Marsh & McLennan Companies by 12.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,328,740 shares of the financial services provider’s stock valued at $614,221,000 after acquiring an additional 836,047 shares in the last quarter. Finally, Findlay Park Partners LLP acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $57,430,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.

In related news, insider Scott Mcdonald sold 11,418 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $84.86, for a total transaction of $968,931.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel S. Glaser sold 618,557 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the transaction, the insider now directly owns 279,367 shares in the company, valued at approximately $23,131,587.60. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Several research firms have weighed in on MMC. Royal Bank of Canada restated a “buy” rating and issued a $93.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a research report on Monday, December 4th. They issued a “neutral” rating and a $88.00 price objective for the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $88.00 price objective on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $91.00 price target on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $87.45.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at $80.43 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $70.45 and a 1 year high of $86.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.37 and a current ratio of 1.30. The company has a market cap of $40,938.87, a P/E ratio of 28.02, a PEG ratio of 1.44 and a beta of 1.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. Marsh & McLennan Companies had a net margin of 10.64% and a return on equity of 28.80%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the company earned $0.89 EPS. Marsh & McLennan Companies’s revenue was up 9.5% on a year-over-year basis. research analysts expect that Marsh & McLennan Companies, Inc. will post 4.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 52.26%.

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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.

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

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