RMB Capital Management LLC Has $8.48 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Share on StockTwits

RMB Capital Management LLC cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,126 shares of the financial services provider’s stock after selling 331 shares during the period. RMB Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $8,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MMC. Massachusetts Financial Services Co. MA increased its holdings in Marsh & McLennan Companies by 49.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,676,660 shares of the financial services provider’s stock valued at $1,412,306,000 after purchasing an additional 4,206,455 shares in the last quarter. Norges Bank acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $457,278,000. BlackRock Inc. increased its holdings in Marsh & McLennan Companies by 3.0% during the 1st quarter. BlackRock Inc. now owns 42,886,436 shares of the financial services provider’s stock valued at $3,707,959,000 after purchasing an additional 1,239,186 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Marsh & McLennan Companies by 21.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,667,258 shares of the financial services provider’s stock valued at $519,979,000 after purchasing an additional 833,612 shares in the last quarter. Finally, FMR LLC increased its holdings in Marsh & McLennan Companies by 4.7% during the 4th quarter. FMR LLC now owns 15,342,313 shares of the financial services provider’s stock valued at $1,709,286,000 after purchasing an additional 695,443 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MMC traded down $0.04 during midday trading on Friday, hitting $104.50. The company had a trading volume of 1,866,495 shares, compared to its average volume of 3,283,468. The firm has a fifty day simple moving average of $96.78 and a 200 day simple moving average of $104.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.51. The stock has a market cap of $52.91 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 4.91 and a beta of 0.88. Marsh & McLennan Companies, Inc. has a 12 month low of $74.33 and a 12 month high of $119.88.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.08. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.66 billion. Marsh & McLennan Companies had a return on equity of 30.94% and a net margin of 10.33%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.455 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.82 annualized dividend and a yield of 1.74%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.06%.

A number of research firms recently weighed in on MMC. UBS Group raised Marsh & McLennan Companies to a “buy” rating and set a $120.00 price target for the company in a report on Tuesday, April 14th. Citigroup decreased their price objective on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Atlantic Securities upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a research report on Tuesday, May 12th. Wells Fargo & Co decreased their price objective on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Finally, Cfra upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and decreased their price objective for the company from $120.00 to $110.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $108.50.

About Marsh & McLennan Companies

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 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; and insurance program management services.

Recommended Story: What is the Shanghai Stock Exchange Composite Index?

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply