Marsh & McLennan Companies, Inc. (MMC) Position Boosted by Stevens Capital Management LP

Stevens Capital Management LP increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 561.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,400 shares of the financial services provider’s stock after buying an additional 128,507 shares during the quarter. Marsh & McLennan Companies comprises approximately 0.6% of Stevens Capital Management LP’s portfolio, making the stock its 28th biggest holding. Stevens Capital Management LP’s holdings in Marsh & McLennan Companies were worth $12,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMC. Howe & Rusling Inc. increased its stake in Marsh & McLennan Companies by 66.7% during the fourth quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 136 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Marsh & McLennan Companies by 58.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 140 shares during the last quarter. Baystate Wealth Management LLC increased its stake in Marsh & McLennan Companies by 4,680.0% during the fourth quarter. Baystate Wealth Management LLC now owns 478 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 468 shares during the last quarter. IMS Capital Management acquired a new stake in Marsh & McLennan Companies during the third quarter worth about $50,000. Finally, Lavaca Capital LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Shares of NYSE MMC opened at $90.91 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $92.15. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $45.79 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.62 and a beta of 0.87.

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, beating analysts’ consensus estimates of $1.03 by $0.06. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.72 billion. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 4.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Wednesday, January 30th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Tuesday, January 29th. This represents a $1.66 dividend on an annualized basis and a yield of 1.83%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 38.16%.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 89,789 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the transaction, the senior vice president now owns 94,957 shares of the company’s stock, valued at approximately $8,550,877.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott Mcdonald sold 11,245 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $90.34, for a total value of $1,015,873.30. The disclosure for this sale can be found here. 1.16% of the stock is owned by company insiders.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co set a $93.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Thursday, October 25th. Citigroup set a $99.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Compass Point assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 target price for the company. Finally, Morgan Stanley increased their target price on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $92.80.

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About Marsh & McLennan Companies

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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