Parametrica Management Ltd Buys Shares of 3,246 Marsh & McLennan Companies, Inc. (MMC)

Parametrica Management Ltd bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, Holdings Channel reports. The firm bought 3,246 shares of the financial services provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invictus RG bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $106,000. Legacy Advisors LLC grew its position in shares of Marsh & McLennan Companies by 1,558.8% during the 4th quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 1,247 shares during the period. San Francisco Sentry Investment Group CA grew its position in shares of Marsh & McLennan Companies by 5,086.2% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 1,475 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $131,000. Finally, JFS Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $189,000. Institutional investors and hedge funds own 85.89% of the company’s stock.

A number of brokerages have recently issued reports on MMC. Royal Bank of Canada reissued a “buy” rating and set a $93.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a research report on Monday, December 4th. They set a “neutral” rating and a $88.00 price objective for the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 price objective on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $91.00 price objective on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $87.09.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at $82.52 on Tuesday. The firm has a market cap of $43,107.21, a price-to-earnings ratio of 21.60, a P/E/G ratio of 1.53 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.70. Marsh & McLennan Companies, Inc. has a 1-year low of $69.33 and a 1-year high of $86.54.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Marsh & McLennan Companies had a net margin of 10.64% and a return on equity of 28.80%. Marsh & McLennan Companies’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. analysts expect that Marsh & McLennan Companies, Inc. will post 4.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 52.26%.

In related news, insider Daniel S. Glaser sold 618,557 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total value of $51,216,519.60. Following the completion of the transaction, the insider now owns 279,367 shares of the company’s stock, valued at approximately $23,131,587.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.46% of the company’s stock.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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