Handelsbanken Fonder AB Has $40.68 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Handelsbanken Fonder AB raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,512 shares of the financial services provider's stock after acquiring an additional 16,464 shares during the period. Handelsbanken Fonder AB's holdings in Marsh & McLennan Companies were worth $40,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MMC. Geode Capital Management LLC grew its stake in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock worth $2,648,304,000 after buying an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. boosted its holdings in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after acquiring an additional 3,300 shares during the period. Citigroup Inc. increased its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock worth $113,384,000 after acquiring an additional 23,445 shares during the period. Kinsale Capital Group Inc. lifted its position in Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock valued at $2,480,000 after purchasing an additional 7,380 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.52 during mid-day trading on Friday, hitting $230.05. The company's stock had a trading volume of 2,193,747 shares, compared to its average volume of 2,152,310. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The stock's fifty day moving average price is $217.92 and its two-hundred day moving average price is $222.15. The stock has a market capitalization of $112.98 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.63 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's payout ratio is 39.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MMC shares. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Evercore ISI reaffirmed an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, February 3rd. Finally, Barclays raised their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $230.44.

Marsh & McLennan Companies Company Profile

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.