USS Investment Management Ltd increased its position in Marsh & McLennan Companies (NYSE:MMC) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,166,027 shares of the financial services provider’s stock after acquiring an additional 93,480 shares during the period. Marsh & McLennan Companies makes up about 2.0% of USS Investment Management Ltd’s investment portfolio, making the stock its 19th biggest position. USS Investment Management Ltd owned approximately 0.43% of Marsh & McLennan Companies worth $176,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synovus Financial Corp grew its holdings in Marsh & McLennan Companies by 19.1% during the 4th quarter. Synovus Financial Corp now owns 19,389 shares of the financial services provider’s stock valued at $1,579,000 after buying an additional 3,109 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in Marsh & McLennan Companies by 21.1% during the 4th quarter. Standard Life Aberdeen plc now owns 338,661 shares of the financial services provider’s stock valued at $27,569,000 after buying an additional 59,106 shares during the last quarter. Calamos Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 9.2% during the 4th quarter. Calamos Wealth Management LLC now owns 8,410 shares of the financial services provider’s stock valued at $684,000 after buying an additional 710 shares during the last quarter. FDx Advisors Inc. grew its holdings in Marsh & McLennan Companies by 4.3% during the 4th quarter. FDx Advisors Inc. now owns 30,645 shares of the financial services provider’s stock valued at $2,494,000 after buying an additional 1,268 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Marsh & McLennan Companies by 5.6% during the 4th quarter. Raymond James & Associates now owns 271,533 shares of the financial services provider’s stock valued at $22,100,000 after buying an additional 14,336 shares during the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 52,782 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $81.33, for a total transaction of $4,292,760.06. Following the transaction, the senior vice president now owns 95,979 shares of the company’s stock, valued at approximately $7,805,972.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 22,528 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $83.59, for a total value of $1,883,115.52. Following the transaction, the chief financial officer now directly owns 33,839 shares in the company, valued at approximately $2,828,602.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,437 shares of company stock worth $11,426,337. Corporate insiders own 1.16% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Citigroup lowered their target price on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Barclays increased their target price on Marsh & McLennan Companies from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Finally, Wells Fargo reiterated a “buy” rating and set a $91.00 target price on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $90.00.

Shares of Marsh & McLennan Companies stock opened at $81.17 on Monday. Marsh & McLennan Companies has a fifty-two week low of $74.29 and a fifty-two week high of $86.54. The firm has a market cap of $41.18 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 1.52.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. Marsh & McLennan Companies had a return on equity of 29.38% and a net margin of 11.11%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts expect that Marsh & McLennan Companies will post 4.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, July 11th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, July 10th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.38. Marsh & McLennan Companies’s dividend payout ratio is currently 38.27%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies (NYSE:MMC).

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

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.