Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Alerus Financial NA

Alerus Financial NA raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,787 shares of the financial services provider’s stock after acquiring an additional 926 shares during the quarter. Alerus Financial NA’s holdings in Marsh & McLennan Companies were worth $2,080,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Carnegie Capital Asset Management LLC raised its holdings in shares of Marsh & McLennan Companies by 42.4% during the second quarter. Carnegie Capital Asset Management LLC now owns 25,755 shares of the financial services provider’s stock valued at $3,624,000 after acquiring an additional 7,663 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Marsh & McLennan Companies by 21,224.7% during the first quarter. Pinebridge Investments L.P. now owns 122,830 shares of the financial services provider’s stock valued at $14,961,000 after acquiring an additional 122,254 shares during the last quarter. Credit Suisse AG raised its holdings in shares of Marsh & McLennan Companies by 3.2% during the first quarter. Credit Suisse AG now owns 1,366,172 shares of the financial services provider’s stock valued at $166,400,000 after acquiring an additional 42,193 shares during the last quarter. HRT Financial LP acquired a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $1,836,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Marsh & McLennan Companies by 21.4% in the second quarter. Rockefeller Capital Management L.P. now owns 49,621 shares of the financial services provider’s stock valued at $6,980,000 after purchasing an additional 8,738 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

MMC stock traded up $0.39 on Wednesday, reaching $155.98. The company had a trading volume of 13,486 shares, compared to its average volume of 1,819,004. Marsh & McLennan Companies, Inc. has a 1 year low of $102.11 and a 1 year high of $162.26. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.30 and a current ratio of 1.30. The company’s fifty day moving average is $152.23 and its 200 day moving average is $138.99. The company has a market cap of $79.02 billion, a P/E ratio of 32.01, a PEG ratio of 2.11 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 22nd. The financial services provider reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.33. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.51 billion. Marsh & McLennan Companies had a return on equity of 31.17% and a net margin of 13.49%. Marsh & McLennan Companies’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 6.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Thursday, July 29th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, July 28th. Marsh & McLennan Companies’s dividend payout ratio is presently 43.06%.

In other news, Director Morton O. Schapiro sold 9,078 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $157.18, for a total transaction of $1,426,880.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Several equities research analysts recently commented on the company. MKM Partners increased their price target on Marsh & McLennan Companies from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, July 23rd. Bank of America raised Marsh & McLennan Companies from an “underperform” rating to a “neutral” rating and set a $150.00 price target for the company in a report on Friday, July 23rd. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “strong-buy” rating and set a $167.00 price target for the company in a report on Thursday, July 29th. Wolfe Research began coverage on Marsh & McLennan Companies in a report on Monday, August 16th. They issued an “outperform” rating and a $171.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $133.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $143.32.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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

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