Marsh & McLennan Companies, Inc. $MMC Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,131 shares of the financial services provider’s stock after buying an additional 34,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Marsh & McLennan Companies were worth $47,692,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MMC. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. Knuff & Co LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $28,000. Activest Wealth Management boosted its position in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Capital Analysts LLC boosted its position in Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares in the last quarter. Finally, Clean Yield Group boosted its position in Marsh & McLennan Companies by 114.4% in the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.6%

Shares of NYSE:MMC opened at $187.64 on Tuesday. The business’s 50 day moving average price is $200.76 and its 200-day moving average price is $212.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $91.93 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1 year low of $185.12 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. UBS Group lowered their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective on the stock. Citigroup began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Finally, Barclays decreased their target price on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $234.07.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.