Tokio Marine Asset Management Co. Ltd. Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,716 shares of the financial services provider’s stock after acquiring an additional 602 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $2,030,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MMC. FMR LLC boosted its position in shares of Marsh & McLennan Companies by 0.3% in the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock valued at $3,696,223,000 after purchasing an additional 61,408 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after buying an additional 31,821 shares in the last quarter. Morgan Stanley raised its stake in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after buying an additional 150,655 shares in the last quarter. Northern Trust Corp raised its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after buying an additional 271,408 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Marsh & McLennan Companies by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock worth $623,723,000 after buying an additional 83,785 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MMC shares. Evercore ISI raised their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. UBS Group raised their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen lifted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday. Morgan Stanley lifted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $207.69.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares in the company, valued at approximately $2,012,065.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 0.2 %

Marsh & McLennan Companies stock traded up $0.36 during midday trading on Thursday, hitting $201.31. The stock had a trading volume of 483,582 shares, compared to its average volume of 1,720,757. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average price of $203.13 and a 200 day moving average price of $197.07. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The stock has a market cap of $99.19 billion, a P/E ratio of 25.50, a P/E/G ratio of 3.36 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

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 through Risk and Insurance Services, and Consulting segments. 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, strategic advisory services, and analytics solutions, and insurance program management services.