Cipher Capital LP increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 85.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,716 shares of the company’s stock after buying an additional 11,381 shares during the period. Cipher Capital LP’s holdings in Marsh & McLennan Companies were worth $1,671,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Bank increased its position in Marsh & McLennan Companies by 0.6% in the third quarter. Washington Trust Bank now owns 1,695 shares of the company’s stock valued at $114,000 after buying an additional 10 shares in the last quarter. Quadrant Capital Group LLC increased its position in Marsh & McLennan Companies by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 2,545 shares of the company’s stock valued at $166,000 after buying an additional 14 shares in the last quarter. Cognios Capital LLC increased its position in Marsh & McLennan Companies by 0.3% in the third quarter. Cognios Capital LLC now owns 8,275 shares of the company’s stock valued at $556,000 after buying an additional 27 shares in the last quarter. Homrich & Berg increased its position in Marsh & McLennan Companies by 0.7% in the third quarter. Homrich & Berg now owns 5,079 shares of the company’s stock valued at $342,000 after buying an additional 36 shares in the last quarter. Finally, Altfest L J & Co. Inc. increased its position in Marsh & McLennan Companies by 1.0% in the third quarter. Altfest L J & Co. Inc. now owns 5,227 shares of the company’s stock valued at $352,000 after buying an additional 54 shares in the last quarter. 84.44% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 73.26 on Friday. The stock has a market capitalization of $37.66 billion, a PE ratio of 21.67 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a one year low of $56.51 and a one year high of $73.29. The firm has a 50 day moving average price of $68.96 and a 200 day moving average price of $67.52.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, February 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.46 billion. Marsh & McLennan Companies had a return on equity of 26.99% and a net margin of 13.38%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post $3.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, January 25th were given a $0.34 dividend. The ex-dividend date was Monday, January 23rd. This represents a $1.36 annualized dividend and a dividend yield of 1.86%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.24%.

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Several research firms have recently weighed in on MMC. Jefferies Group LLC reissued a “hold” rating and set a $68.00 target price (down previously from $69.00) on shares of Marsh & McLennan Companies in a research report on Friday, October 28th. Sandler O’Neill raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, January 9th. Vetr raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $71.72 price objective on the stock in a research report on Monday, December 5th. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Marsh & McLennan Companies in a research report on Thursday, February 2nd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Marsh & McLennan Companies has an average rating of “Buy” and a consensus target price of $72.19.

In other news, Chairman Peter Zaffino sold 117,577 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $70.24, for a total value of $8,258,608.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Alexander S. Moczarski sold 8,850 shares of the firm’s stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $68.00, for a total value of $601,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,427 shares of company stock worth $9,550,408. Company insiders own 1.51% of the company’s stock.

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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

5 Day Chart for NYSE:MMC

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