Marsh & McLennan Companies (MMC) Shares Bought by Aperio Group LLC

Aperio Group LLC grew its position in Marsh & McLennan Companies (NYSE:MMC) by 7.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253,039 shares of the financial services provider’s stock after buying an additional 18,314 shares during the period. Aperio Group LLC’s holdings in Marsh & McLennan Companies were worth $20,898,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MMC. Atria Investments LLC grew its holdings in shares of Marsh & McLennan Companies by 22.4% in the 4th quarter. Atria Investments LLC now owns 5,351 shares of the financial services provider’s stock valued at $435,000 after buying an additional 978 shares during the period. Gofen & Glossberg LLC IL acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $220,000. Bank of Montreal Can grew its holdings in shares of Marsh & McLennan Companies by 8.3% in the 4th quarter. Bank of Montreal Can now owns 640,971 shares of the financial services provider’s stock valued at $52,167,000 after buying an additional 49,346 shares during the period. National Pension Service grew its holdings in shares of Marsh & McLennan Companies by 1.0% in the 4th quarter. National Pension Service now owns 455,794 shares of the financial services provider’s stock valued at $37,097,000 after buying an additional 4,712 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 5.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,769,535 shares of the financial services provider’s stock valued at $144,023,000 after buying an additional 85,346 shares during the period. 86.24% of the stock is owned by institutional investors.

MMC opened at $81.00 on Friday. The firm has a market capitalization of $40.96 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.47 and a beta of 0.97. Marsh & McLennan Companies has a 12 month low of $80.52 and a 12 month high of $81.02. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Marsh & McLennan Companies had a net margin of 11.11% and a return on equity of 29.38%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. equities analysts forecast that Marsh & McLennan Companies will post 4.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, July 11th will be given a $0.415 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.38. This represents a $1.66 annualized dividend and a yield of 2.05%. Marsh & McLennan Companies’s payout ratio is currently 38.27%.

In other Marsh & McLennan Companies news, EVP Peter J. Beshar sold 10,567 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $81.75, for a total transaction of $863,852.25. Following the sale, the executive vice president now directly owns 240,857 shares of the company’s stock, valued at approximately $19,690,059.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP E Scott Gilbert sold 52,782 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $81.33, for a total transaction of $4,292,760.06. Following the sale, the senior vice president now directly owns 95,979 shares in the company, valued at $7,805,972.07. The disclosure for this sale can be found here. Insiders sold a total of 139,437 shares of company stock worth $11,426,337 over the last ninety days. 1.16% of the stock is currently owned by insiders.

MMC has been the subject of several research analyst reports. Wells Fargo reissued a “buy” rating and issued a $91.00 price target on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. Citigroup cut their price objective on shares of Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.00.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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

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