Marsh & McLennan Companies, Inc. (MMC) Shares Bought by DnB Asset Management AS

DnB Asset Management AS lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 44.2% in the 4th quarter, Holdings Channel reports. The firm owned 81,469 shares of the financial services provider’s stock after acquiring an additional 24,976 shares during the period. DnB Asset Management AS’s holdings in Marsh & McLennan Companies were worth $6,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in MMC. BlackRock Inc. raised its position in shares of Marsh & McLennan Companies by 9.3% in the 2nd quarter. BlackRock Inc. now owns 40,950,741 shares of the financial services provider’s stock valued at $3,192,520,000 after purchasing an additional 3,493,942 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Marsh & McLennan Companies by 4,831.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock valued at $272,958,000 after purchasing an additional 3,430,257 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Marsh & McLennan Companies by 71.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 5,905,823 shares of the financial services provider’s stock valued at $494,967,000 after purchasing an additional 2,460,107 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Marsh & McLennan Companies by 35.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock valued at $561,069,000 after purchasing an additional 1,747,201 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Marsh & McLennan Companies by 30.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock valued at $504,264,000 after purchasing an additional 1,510,060 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

MMC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a research report on Tuesday, October 3rd. Deutsche Bank lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 4th. Barclays raised their price target on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Co set a $91.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $86.00.

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

Marsh & McLennan Companies, Inc. (MMC) opened at $81.02 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $66.75 and a 1 year high of $86.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $41,370.00, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the firm posted $0.69 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 earnings per share for the current fiscal year.

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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.

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

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