Whittier Trust Co. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% in the 4th quarter, HoldingsChannel reports. The fund owned 11,492 shares of the financial services provider’s stock after acquiring an additional 837 shares during the period. Whittier Trust Co.’s holdings in Marsh & McLennan Companies were worth $935,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MMC. Amundi Pioneer Asset Management Inc. raised its stake in shares of Marsh & McLennan Companies by 71.4% during the third 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. raised its stake in Marsh & McLennan Companies by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock worth $561,069,000 after buying an additional 1,747,201 shares in the last quarter. Capital International Investors raised its stake in Marsh & McLennan Companies by 10.7% in the third quarter. Capital International Investors now owns 12,500,396 shares of the financial services provider’s stock worth $1,047,658,000 after buying an additional 1,212,799 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Marsh & McLennan Companies by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 7,328,740 shares of the financial services provider’s stock worth $614,221,000 after buying an additional 836,047 shares in the last quarter. Finally, Findlay Park Partners LLP bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $57,430,000. 85.88% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on MMC shares. Wells Fargo & Co set a $91.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “buy” rating and issued a $93.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, December 8th. UBS Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Wednesday, December 27th. Finally, Jefferies Group reissued a “hold” rating on shares of Marsh & McLennan Companies in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $87.45.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at $81.28 on Wednesday. The stock has a market capitalization of $41,249.36, a price-to-earnings ratio of 28.32, a PEG ratio of 1.45 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70. Marsh & McLennan Companies, Inc. has a 12-month low of $71.43 and a 12-month high of $86.54.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 52.26%.

In other news, insider Daniel S. Glaser sold 618,557 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the sale, the insider now directly owns 279,367 shares of the company’s stock, valued at $23,131,587.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Mcdonald sold 11,418 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $84.86, for a total transaction of $968,931.48. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

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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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