Crestwood Advisors Group LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,474 shares of the financial services provider’s stock after acquiring an additional 1,409 shares during the period. Crestwood Advisors Group LLC’s holdings in Marsh & McLennan Companies were worth $21,817,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. lifted its holdings in Marsh & McLennan Companies by 1.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,959,581 shares of the financial services provider’s stock worth $697,144,000 after buying an additional 99,333 shares during the last quarter. Blair William & Co. IL increased its stake in Marsh & McLennan Companies by 15.1% during the fourth quarter. Blair William & Co. IL now owns 38,816 shares of the financial services provider’s stock valued at $4,541,000 after purchasing an additional 5,081 shares during the last quarter. CI Investments Inc. lifted its position in shares of Marsh & McLennan Companies by 145.1% in the 4th quarter. CI Investments Inc. now owns 10,835 shares of the financial services provider’s stock worth $1,268,000 after buying an additional 6,414 shares during the last quarter. Vectors Research Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 15.9% in the 4th quarter. Vectors Research Management LLC now owns 23,424 shares of the financial services provider’s stock valued at $2,741,000 after buying an additional 3,215 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Marsh & McLennan Companies by 4.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 140,595 shares of the financial services provider’s stock worth $16,450,000 after acquiring an additional 6,439 shares during the period. 86.56% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Daniel S. Glaser sold 314,516 shares of the stock in a transaction on Friday, December 11th. The stock was sold at an average price of $115.39, for a total value of $36,292,001.24. Following the completion of the transaction, the chief executive officer now owns 101,074 shares in the company, valued at approximately $11,662,928.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

NYSE MMC traded up $0.27 on Tuesday, reaching $118.66. The company’s stock had a trading volume of 17,488 shares, compared to its average volume of 1,801,600. The firm’s 50 day moving average is $112.76 and its two-hundred day moving average is $114.03. The stock has a market cap of $60.30 billion, a PE ratio of 29.75, a PEG ratio of 3.88 and a beta of 0.86. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. Marsh & McLennan Companies, Inc. has a twelve month low of $74.33 and a twelve month high of $120.97.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Wednesday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.06. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Marsh & McLennan Companies had a net margin of 11.91% and a return on equity of 31.20%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Monday, February 1st were issued a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, January 29th. Marsh & McLennan Companies’s payout ratio is 39.91%.

A number of research firms recently issued reports on MMC. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price objective for the company from $126.00 to $112.00 in a research report on Friday, January 8th. Evercore ISI initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, December 16th. They issued an “inline” rating and a $130.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $135.00 to $130.00 in a research note on Tuesday, December 8th. Credit Suisse Group upgraded Marsh & McLennan Companies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $120.00 to $130.00 in a research report on Monday, January 11th. Finally, Morgan Stanley lifted their target price on Marsh & McLennan Companies from $123.00 to $124.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $117.72.

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 and 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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