Pacer Advisors Inc. grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6,060.0% in the 1st quarter, HoldingsChannel reports. The firm owned 42,627 shares of the financial services provider’s stock after buying an additional 41,935 shares during the period. Pacer Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $4,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Marsh & McLennan Companies by 7.0% in the 4th quarter. BlackRock Inc. now owns 42,432,232 shares of the financial services provider’s stock valued at $3,383,971,000 after acquiring an additional 2,758,761 shares during the period. Vanguard Group Inc. grew its stake in Marsh & McLennan Companies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after acquiring an additional 218,725 shares during the period. Vanguard Group Inc grew its stake in Marsh & McLennan Companies by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after acquiring an additional 218,725 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Marsh & McLennan Companies by 7,364.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,053,539 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 8,932,244 shares during the period. Finally, FMR LLC grew its stake in Marsh & McLennan Companies by 7.0% in the 4th quarter. FMR LLC now owns 8,354,055 shares of the financial services provider’s stock valued at $666,236,000 after acquiring an additional 544,951 shares during the period. 87.05% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on MMC shares. Compass Point started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 price target on the stock. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $95.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Finally, Goldman Sachs Group started coverage on shares of Marsh & McLennan Companies in a research note on Monday. They set a “neutral” rating and a $98.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $93.60.

In other news, VP Stacy Mills sold 1,245 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $270,669.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP E Scott Gilbert sold 89,789 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the transaction, the senior vice president now directly owns 94,957 shares in the company, valued at approximately $8,550,877.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,725 shares of company stock worth $20,508,280. Corporate insiders own 1.16% of the company’s stock.

Shares of MMC opened at $93.12 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $74.30 and a 52-week high of $95.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $46.82 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 31st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 4.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.78%. Marsh & McLennan Companies’s payout ratio is 38.16%.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.

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

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