Sompo Japan Nipponkoa Asset Management CO. LTD. Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 148.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 29,150 shares of the financial services provider’s stock after acquiring an additional 17,440 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Marsh & McLennan Companies were worth $2,520,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Glenview Trust Co increased its holdings in Marsh & McLennan Companies by 2.0% during the 4th quarter. Glenview Trust Co now owns 4,388 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 86 shares during the last quarter. Coastal Capital Group Inc. increased its holdings in Marsh & McLennan Companies by 31.7% during the 4th quarter. Coastal Capital Group Inc. now owns 395 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 95 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in Marsh & McLennan Companies by 2.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 4,927 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 96 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Marsh & McLennan Companies by 0.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,888 shares of the financial services provider’s stock worth $3,218,000 after purchasing an additional 99 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 1.2% during the 4th quarter. Evercore Wealth Management LLC now owns 8,821 shares of the financial services provider’s stock worth $983,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Several research firms have issued reports on MMC. Cfra upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $120.00 to $110.00 in a report on Thursday, April 30th. Raymond James dropped their price objective on Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. 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 report on Tuesday, May 12th. Morgan Stanley boosted their price target on Marsh & McLennan Companies from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Finally, Wells Fargo & Co lowered their price target on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $108.50.

Shares of NYSE MMC traded down $0.04 during trading on Friday, reaching $104.50. The stock had a trading volume of 1,866,495 shares, compared to its average volume of 3,283,468. Marsh & McLennan Companies, Inc. has a one year low of $74.33 and a one year high of $119.88. The stock has a market cap of $52.91 billion, a PE ratio of 30.03, a P/E/G ratio of 4.91 and a beta of 0.88. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50 day moving average price is $96.78 and its two-hundred day moving average price is $104.84.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.08. Marsh & McLennan Companies had a return on equity of 30.94% and a net margin of 10.33%. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

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

Marsh & McLennan Companies Company 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 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.

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

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