Stone Ridge Asset Management LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 25,319 shares of the financial services provider’s stock, valued at approximately $2,061,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $102,000. Invictus RG purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth about $106,000. Legacy Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 1,558.8% in the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock worth $108,000 after buying an additional 1,247 shares during the period. Virtue Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $113,000. Finally, San Francisco Sentry Investment Group CA increased its holdings in shares of Marsh & McLennan Companies by 5,086.2% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after buying an additional 1,475 shares during the period. Hedge funds and other institutional investors own 85.77% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 618,557 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the transaction, the insider now owns 279,367 shares in the company, valued at approximately $23,131,587.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Mcdonald sold 11,418 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $84.86, for a total value of $968,931.48. The disclosure for this sale can be found here. Insiders have sold a total of 769,412 shares of company stock worth $63,611,788 in the last quarter. Company insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies, Inc. (MMC) opened at $84.62 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $71.79 and a twelve month high of $86.54. The stock has a market capitalization of $43,102.14, a PE ratio of 21.66, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.70.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. equities analysts forecast that Marsh & McLennan Companies, Inc. will post 4.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.77%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 52.26%.

MMC has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on Marsh & McLennan Companies in a report on Monday, December 4th. They issued a “neutral” rating and a $88.00 price objective on the stock. UBS Group downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $93.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, December 8th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, December 27th. Finally, Wells Fargo & Co restated a “buy” rating and set a $91.00 price target on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $88.36.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2018/03/14/25319-shares-in-marsh-mclennan-companies-inc-mmc-acquired-by-stone-ridge-asset-management-llc.html.

Marsh & McLennan Companies Company Profile

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.

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.