Northwestern Mutual Investment Management Company LLC Acquires 6,732 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Northwestern Mutual Investment Management Company LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 34.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,336 shares of the financial services provider’s stock after acquiring an additional 6,732 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Marsh & McLennan Companies were worth $2,277,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in shares of Marsh & McLennan Companies by 6.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 57,435 shares of the financial services provider’s stock worth $6,399,000 after buying an additional 3,267 shares during the last quarter. Savior LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter worth about $30,000. Howland Capital Management LLC grew its holdings 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 acquiring an additional 211 shares during the last quarter. Advisor Partners LLC grew its holdings 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 acquiring an additional 1,005 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of Marsh & McLennan Companies by 4.9% in the 4th quarter. Sumitomo Life Insurance Co. now owns 25,393 shares of the financial services provider’s stock valued at $2,829,000 after purchasing an additional 1,178 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

A number of analysts recently weighed in on MMC shares. Raymond James cut their price target on shares of Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Citigroup cut their price target on shares of Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. Atlantic Securities upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Tuesday, May 12th. Finally, Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and cut their price target for the company from $117.00 to $100.00 in a research report on Monday, April 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $108.50.

Shares of MMC stock opened at $104.50 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $52.91 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 4.91 and a beta of 0.88. The company’s 50 day moving average price is $96.78 and its two-hundred day moving average price is $104.84. Marsh & McLennan Companies, Inc. has a 52 week low of $74.33 and a 52 week high of $119.88.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.56 by $0.08. The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.66 billion. Marsh & McLennan Companies had a net margin of 10.33% and a return on equity of 30.94%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.455 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.82 annualized dividend and a dividend yield of 1.74%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.06%.

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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