Oakbrook Investments LLC Has $1.90 Million Holdings in Marsh & McLennan Companies, Inc. (MMC)

Oakbrook Investments LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,380 shares of the financial services provider’s stock after buying an additional 780 shares during the quarter. Oakbrook Investments LLC’s holdings in Marsh & McLennan Companies were worth $1,903,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MMC. Franklin Resources Inc. lifted its position in Marsh & McLennan Companies by 31.0% during the 2nd quarter. Franklin Resources Inc. now owns 40,193 shares of the financial services provider’s stock worth $3,133,000 after buying an additional 9,501 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Marsh & McLennan Companies by 6.9% in the 2nd quarter. Stephens Inc. AR now owns 3,877 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 249 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Marsh & McLennan Companies by 4.3% in the 2nd quarter. Nationwide Fund Advisors now owns 184,493 shares of the financial services provider’s stock valued at $14,383,000 after purchasing an additional 7,638 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Marsh & McLennan Companies by 12.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,448 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 2,348 shares during the period. Finally, Acrospire Investment Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $109,000. 85.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 618,557 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the transaction, the insider now owns 279,367 shares in the company, valued at approximately $23,131,587.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc D. Oken bought 1,235 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the transaction, the director now owns 40,120 shares in the company, valued at $3,245,306.80. The disclosure for this purchase can be found here. 1.46% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a report on Monday, December 4th. They issued a “neutral” rating and a $88.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 target price on shares of Marsh & McLennan Companies in a report on Tuesday, October 3rd. Finally, UBS Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $86.08.

Marsh & McLennan Companies, Inc. (MMC) opened at $81.56 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $67.32 and a 52 week high of $86.54. The company has a market cap of $41,609.39, a PE ratio of 22.35, a P/E/G ratio of 1.48 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business earned $0.69 EPS. Marsh & McLennan Companies’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Marsh & McLennan Companies, Inc. will post 3.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.375 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.50 dividend on an annualized basis and a yield of 1.84%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.10%.

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About Marsh & McLennan Companies

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.

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

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