Sumitomo Life Insurance Co. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,393 shares of the financial services provider’s stock after acquiring an additional 1,178 shares during the period. Sumitomo Life Insurance Co.’s holdings in Marsh & McLennan Companies were worth $2,829,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in MMC. Advisor Partners LLC raised its position in Marsh & McLennan Companies by 6.8% during the 4th quarter. Advisor Partners LLC now owns 15,893 shares of the financial services provider’s stock worth $1,783,000 after purchasing an additional 1,005 shares during the last quarter. Brightworth raised its position in Marsh & McLennan Companies by 2.0% during the 4th quarter. Brightworth now owns 74,997 shares of the financial services provider’s stock worth $8,355,000 after purchasing an additional 1,501 shares during the last quarter. Waverton Investment Management Ltd raised its position in Marsh & McLennan Companies by 42.7% during the 4th quarter. Waverton Investment Management Ltd now owns 591,652 shares of the financial services provider’s stock worth $65,915,000 after purchasing an additional 176,917 shares during the last quarter. Howland Capital Management LLC raised its position in Marsh & McLennan Companies by 2.4% during the 4th quarter. Howland Capital Management LLC now owns 9,020 shares of the financial services provider’s stock worth $1,005,000 after purchasing an additional 211 shares during the last quarter. Finally, Ambassador Advisors LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth $216,000. Institutional investors own 87.08% of the company’s stock.

Shares of MMC stock traded down $0.89 during mid-day trading on Friday, hitting $113.34. The company’s stock had a trading volume of 29,799 shares, compared to its average volume of 1,249,774. The company’s fifty day simple moving average is $111.54 and its 200-day simple moving average is $103.54. Marsh & McLennan Companies, Inc. has a 52 week low of $82.10 and a 52 week high of $114.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $57.34 billion, a PE ratio of 38.57, a P/E/G ratio of 1.82 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Marsh & McLennan Companies had a return on equity of 29.40% and a net margin of 9.34%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company posted $0.78 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, January 28th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.84%.

Marsh & McLennan Companies announced that its Board of Directors has approved a stock buyback plan on Thursday, November 21st that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several research analysts recently issued reports on the company. Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Tuesday. They set a “buy” rating and a $130.00 target price for the company. Wells Fargo & Co reissued a “hold” rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a research report on Tuesday, October 29th. Finally, Raymond James raised Marsh & McLennan Companies from an “underperform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $106.00.

In other news, SVP Laurie Ledford sold 4,305 shares of Marsh & McLennan Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $108.18, for a total value of $465,714.90. Company insiders own 1.16% of the company’s stock.

Marsh & McLennan Companies 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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