Roble Belko & Company Inc Acquires 319 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Roble Belko & Company Inc grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,306 shares of the financial services provider’s stock after buying an additional 319 shares during the quarter. Roble Belko & Company Inc’s holdings in Marsh & McLennan Companies were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after buying an additional 61,408 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after purchasing an additional 31,821 shares during the period. Morgan Stanley raised its holdings in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after purchasing an additional 150,655 shares during the period. Northern Trust Corp raised its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after purchasing an additional 271,408 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Marsh & McLennan Companies by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock worth $623,723,000 after purchasing an additional 83,785 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MMC shares. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price objective for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Finally, UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $0.98 during mid-day trading on Monday, reaching $201.43. 1,604,401 shares of the stock traded hands, compared to its average volume of 1,736,026. The firm has a fifty day moving average price of $202.96 and a 200 day moving average price of $196.98. The company has a market cap of $99.41 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.64 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,751 shares of company stock valued at $7,448,163. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.