KDI Capital Partners LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 118,408 shares of the financial services provider’s stock after buying an additional 466 shares during the period. Marsh & McLennan Companies accounts for about 3.0% of KDI Capital Partners LLC’s investment portfolio, making the stock its 10th largest position. KDI Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $8,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MMC. Raymond James Financial Services Advisors Inc. boosted its position in shares of Marsh & McLennan Companies by 3.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,182 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 592 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Marsh & McLennan Companies by 9.0% in the fourth quarter. Van ECK Associates Corp now owns 7,208 shares of the financial services provider’s stock worth $487,000 after buying an additional 597 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Marsh & McLennan Companies by 56.0% in the fourth quarter. Private Advisor Group LLC now owns 14,292 shares of the financial services provider’s stock worth $964,000 after buying an additional 5,131 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Marsh & McLennan Companies by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,253,259 shares of the financial services provider’s stock worth $84,710,000 after buying an additional 14,165 shares during the last quarter. Finally, Tredje AP fonden boosted its position in shares of Marsh & McLennan Companies by 23.6% in the fourth quarter. Tredje AP fonden now owns 74,893 shares of the financial services provider’s stock worth $5,062,000 after buying an additional 14,316 shares during the last quarter. Institutional investors own 85.55% of the company’s stock.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) traded up 0.21% during trading on Friday, reaching $80.27. The company’s stock had a trading volume of 1,795,534 shares. The stock has a market cap of $41.27 billion, a price-to-earnings ratio of 22.55 and a beta of 0.96. The stock’s 50 day moving average price is $75.87 and its 200-day moving average price is $72.32. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $80.46.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. Marsh & McLennan Companies had a return on equity of 28.34% and a net margin of 13.87%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the business posted $0.92 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 11th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, July 7th. This represents a $1.50 annualized dividend and a yield of 1.87%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.20%.

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MMC has been the topic of a number of recent analyst reports. Credit Suisse Group set a $74.00 target price on Marsh & McLennan Companies and gave the company a “hold” rating in a research report on Saturday, March 25th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, April 4th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price (up previously from $74.00) on shares of Marsh & McLennan Companies in a research report on Friday, April 28th. Finally, Deutsche Bank AG lifted their target price on Marsh & McLennan Companies from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Marsh & McLennan Companies currently has an average rating of “Buy” and a consensus price target of $77.07.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total value of $13,644,099.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.46% of the company’s stock.

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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