Marsh & McLennan Companies, Inc. (NYSE:MMC) is Jensen Investment Management Inc.'s 4th Largest Position

Jensen Investment Management Inc. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,040,551 shares of the financial services provider's stock after selling 10,280 shares during the period. Marsh & McLennan Companies accounts for approximately 5.8% of Jensen Investment Management Inc.'s investment portfolio, making the stock its 4th biggest position. Jensen Investment Management Inc. owned about 0.62% of Marsh & McLennan Companies worth $645,843,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Modera Wealth Management LLC raised its stake in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after purchasing an additional 46 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 47 shares during the last quarter. Hemington Wealth Management grew its position in Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after acquiring an additional 48 shares during the period. New England Professional Planning Group Inc. increased its stake in Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares during the last quarter. Finally, TFB Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 2.0% in the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Barclays upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Raymond James restated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Up 0.4 %

Shares of NYSE:MMC traded up $0.92 on Thursday, hitting $233.49. 1,713,913 shares of the company's stock were exchanged, compared to its average volume of 1,638,571. The firm's 50-day moving average is $226.21 and its 200 day moving average is $223.73. The company has a market capitalization of $114.68 billion, a PE ratio of 28.51, a P/E/G ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock valued at $13,350,279 in the last three months. 0.30% of the stock is currently owned by company insiders.

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.