The Marsh & McLennan Companies, Inc. (MMC) Position Boosted by Candriam Luxembourg S.C.A., Report finds

The Marsh & McLennan Companies, Inc. (MMC) Position Boosted by Candriam Luxembourg S.C.A., Report finds

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. BP PLC raised its position in Marsh & McLennan Companies by 21.4% in the second quarter. BP PLC now owns 85,000 shares of the company’s stock worth $5,817,000 after buying an additional 15,000 shares during the period. Signaturefd LLC raised its position in Marsh & McLennan Companies by 17.3% in the second quarter. Signaturefd LLC now owns 4,066 shares of the company’s stock worth $278,000 after buying an additional 601 shares during the period. Tocqueville Asset Management L.P. purchased a new position in Marsh & McLennan Companies during the second quarter worth approximately $376,000. BB&T Corp purchased a new position in Marsh & McLennan Companies during the second quarter worth approximately $21,762,000. Finally, Boston Private Wealth LLC raised its position in Marsh & McLennan Companies by 6.5% in the second quarter. Boston Private Wealth LLC now owns 116,416 shares of the company’s stock worth $7,970,000 after buying an additional 7,109 shares during the period. Hedge funds and other institutional investors own 84.91% of the company’s stock.

Candriam Luxembourg S.C.A. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,937 shares of the company’s stock after buying an additional 3,135 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Marsh & McLennan Companies were worth $2,955,000 as of its most recent filing with the SEC.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.71% during trading on Friday, hitting $71.08. 2,866,507 shares of the stock traded hands. Marsh & McLennan Companies, Inc. has a 12 month low of $56.26 and a 12 month high of $71.29. The firm’s 50-day moving average price is $68.48 and its 200-day moving average price is $67.34. The stock has a market cap of $36.54 billion, a PE ratio of 21.03 and a beta of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.05. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.46 billion. Marsh & McLennan Companies had a net margin of 13.38% and a return on equity of 26.99%. The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, January 25th will be issued a $0.34 dividend. The ex-dividend date is Monday, January 23rd. This represents a $1.36 dividend on an annualized basis and a yield of 1.91%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.24%.

A number of research analysts have recently commented on MMC shares. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 target price (down from $69.00) on shares of Marsh & McLennan Companies in a research report on Friday, October 28th. BMO Capital Markets upgraded shares of Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $76.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. Sandler O’Neill upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Finally, Vetr upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $71.72 target price for the company in a research report on Monday, December 5th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.19.

In other Marsh & McLennan Companies news, Chairman Alexander S. Moczarski sold 8,850 shares of Marsh & McLennan Companies stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $68.00, for a total value of $601,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Peter Zaffino sold 117,577 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $70.24, for a total transaction of $8,258,608.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,427 shares of company stock worth $9,550,408. 1.51% of the stock is currently owned by insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

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