Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,437 shares of the financial services provider’s stock after purchasing an additional 116 shares during the period. Transcend Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $4,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its holdings in Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after acquiring an additional 1,093,817 shares in the last quarter. FMR LLC raised its position in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after purchasing an additional 504,897 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after purchasing an additional 426,425 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 219.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after purchasing an additional 363,569 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $230.63 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $235.50. The business’s 50-day moving average price is $217.92 and its two-hundred day moving average price is $222.15. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $113.27 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $230.44.

About Marsh & McLennan Companies

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.