Sciencast Management LP acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 28,313 shares of the financial services provider’s stock, valued at approximately $3,164,000. Marsh & McLennan Companies comprises about 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 6th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gradient Investments LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $34,000. Thor Advisors LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $52,000. Contravisory Investment Management Inc. grew its holdings in Marsh & McLennan Companies by 16.2% in the 3rd quarter. Contravisory Investment Management Inc. now owns 866 shares of the financial services provider’s stock valued at $87,000 after buying an additional 121 shares during the last quarter. CSat Investment Advisory L.P. grew its holdings in Marsh & McLennan Companies by 1,122.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 868 shares of the financial services provider’s stock valued at $87,000 after buying an additional 797 shares during the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $112,000. 87.14% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Laurie Ledford sold 4,305 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $108.18, for a total transaction of $465,714.90. 1.16% of the stock is currently owned by company insiders.

A number of research firms have issued reports on MMC. Wells Fargo & Co reaffirmed a “hold” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a report on Tuesday, October 29th. Raymond James raised Marsh & McLennan Companies from an “underperform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.56.

Shares of NYSE:MMC opened at $112.21 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $80.88 and a 1-year high of $113.94. The firm has a market capitalization of $56.28 billion, a PE ratio of 25.80, a PEG ratio of 1.79 and a beta of 0.76. The business’s 50 day moving average is $110.56 and its 200-day moving average is $103.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.47.

Marsh & McLennan Companies (NYSE:MMC) last announced 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 company had revenue of $4 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm earned $0.78 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 4.65 EPS for the current year.

Marsh & McLennan Companies announced that its Board of Directors has authorized a stock buyback program on Thursday, November 21st that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.62%. Marsh & McLennan Companies’s payout ratio is presently 41.84%.

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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