Accident Compensation Corp Boosts Stake in Marsh & McLennan Companies, Inc. (MMC)

Accident Compensation Corp boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,380 shares of the financial services provider’s stock after buying an additional 6,400 shares during the period. Marsh & McLennan Companies accounts for approximately 1.5% of Accident Compensation Corp’s portfolio, making the stock its 19th largest position. Accident Compensation Corp’s holdings in Marsh & McLennan Companies were worth $6,013,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brown Advisory Inc. increased its position in Marsh & McLennan Companies by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 159,000 shares of the financial services provider’s stock worth $10,746,000 after buying an additional 5,095 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Marsh & McLennan Companies by 1,117.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 913,152 shares of the financial services provider’s stock worth $61,735,000 after buying an additional 838,163 shares in the last quarter. Aviva PLC increased its position in Marsh & McLennan Companies by 5.7% in the fourth quarter. Aviva PLC now owns 339,777 shares of the financial services provider’s stock worth $22,969,000 after buying an additional 18,340 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Marsh & McLennan Companies by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,145 shares of the financial services provider’s stock worth $280,000 after buying an additional 145 shares in the last quarter. Finally, Elkfork Partners LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth $1,543,000. 85.60% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 0.05% on Tuesday, hitting $80.10. The stock had a trading volume of 329,903 shares. The company has a market capitalization of $41.18 billion, a price-to-earnings ratio of 22.51 and a beta of 0.96. The company has a 50-day moving average of $76.05 and a 200 day moving average of $72.45. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $80.47.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.46 billion. Marsh & McLennan Companies had a return on equity of 28.34% and a net margin of 13.87%. Marsh & McLennan Companies’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 11th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 38.20%.

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A number of research analysts have weighed in on MMC shares. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price target (up from $74.00) on shares of Marsh & McLennan Companies in a research note on Friday, April 28th. Zacks Investment Research downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub upgraded Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 2nd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Marsh & McLennan Companies has a consensus rating of “Buy” and a consensus target price of $77.07.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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