Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,512 shares of the financial services provider’s stock after buying an additional 16,464 shares during the period. Handelsbanken Fonder AB’s holdings in Marsh & McLennan Companies were worth $40,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. boosted its stake in shares of Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares during the period. Citigroup Inc. grew its holdings in shares of Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. increased its stake in Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after buying an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 7,380 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of several analyst reports. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Down 0.2 %

NYSE:MMC opened at $230.63 on Friday. The company has a market capitalization of $113.27 billion, a PE ratio of 28.16, a P/E/G ratio of 2.37 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $235.50. The stock’s 50 day moving average price is $217.92 and its 200 day moving average price is $222.15. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.62 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Marsh & McLennan Companies Profile

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