Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,649 shares of the financial services provider's stock after acquiring an additional 1,701 shares during the period. Oak Ridge Investments LLC's holdings in Marsh & McLennan Companies were worth $6,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MMC. FMR LLC boosted its holdings in Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the period. Geode Capital Management LLC boosted its stake in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after purchasing an additional 251,361 shares during the period. Legal & General Group Plc grew its holdings in shares of Marsh & McLennan Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider's stock worth $954,712,000 after purchasing an additional 223,257 shares during the last quarter. Parnassus Investments LLC increased its stake in Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider's stock worth $953,683,000 after buying an additional 85,754 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after buying an additional 184,239 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. 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 research note on Thursday, November 21st. Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $228.60.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded down $1.06 during midday trading on Friday, reaching $215.23. 2,007,016 shares of the company's stock traded hands, compared to its average volume of 1,418,961. The company has a market cap of $105.71 billion, a P/E ratio of 26.51, a PEG ratio of 2.31 and a beta of 0.96. The company has a fifty day simple moving average of $218.62 and a two-hundred day simple moving average of $221.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 40.15%.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies 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.