Brinker Capital Inc. Buys 3,559 Shares of Marsh & McLennan Companies, Inc. (MMC)

Brinker Capital Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,984 shares of the financial services provider’s stock after acquiring an additional 3,559 shares during the quarter. Brinker Capital Inc.’s holdings in Marsh & McLennan Companies were worth $6,299,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of Marsh & McLennan Companies by 4.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 25,602 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 999 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Marsh & McLennan Companies by 13.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock worth $640,917,000 after buying an additional 945,494 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $428,000. MML Investors Services LLC lifted its stake in shares of Marsh & McLennan Companies by 13.8% during the 3rd quarter. MML Investors Services LLC now owns 20,687 shares of the financial services provider’s stock worth $1,711,000 after buying an additional 2,507 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in shares of Marsh & McLennan Companies by 6.7% during the 3rd quarter. Commonwealth Bank of Australia now owns 43,233 shares of the financial services provider’s stock worth $3,570,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Shares of Marsh & McLennan Companies stock opened at $93.29 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $74.30 and a twelve month high of $94.96. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $47.12 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.72 billion. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 4.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Wednesday, January 30th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.78%. The ex-dividend date was Tuesday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.16%.

In other Marsh & McLennan Companies news, CEO Peter C. Hearn sold 2,562 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.68, for a total value of $237,446.16. Following the transaction, the chief executive officer now directly owns 2,001 shares of the company’s stock, valued at approximately $185,452.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy Mills sold 1,245 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $270,669.80. The disclosure for this sale can be found here. Insiders sold a total of 223,725 shares of company stock valued at $20,508,280 in the last quarter. Corporate insiders own 1.16% of the company’s stock.

MMC has been the subject of a number of research reports. Compass Point initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, January 15th. They set a “neutral” rating and a $86.00 target price for the company. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Finally, Citigroup set a $99.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $91.67.

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Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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

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