Bessemer Group Inc. Has $8,696,000 Stake in Marsh & McLennan Companies, Inc. (MMC)

Bessemer Group Inc. boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 66.0% during the fourth quarter, Holdings Channel reports. The firm owned 128,668 shares of the company’s stock after buying an additional 51,168 shares during the period. Bessemer Group Inc.’s holdings in Marsh & McLennan Companies were worth $8,696,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMC. BP PLC increased its position in shares of Marsh & McLennan Companies by 21.4% in the second quarter. BP PLC now owns 85,000 shares of the company’s stock worth $5,817,000 after buying an additional 15,000 shares during the period. Signaturefd LLC increased its position in shares of Marsh & McLennan Companies by 17.3% in the second quarter. Signaturefd LLC now owns 4,066 shares of the company’s stock worth $278,000 after buying an additional 601 shares during the period. Tocqueville Asset Management L.P. purchased a new position in shares of Marsh & McLennan Companies during the second quarter worth $376,000. BB&T Corp purchased a new position in shares of Marsh & McLennan Companies during the second quarter worth $21,762,000. Finally, Boston Private Wealth LLC increased its position in shares of Marsh & McLennan Companies by 6.5% in the second quarter. Boston Private Wealth LLC now owns 116,416 shares of the company’s stock worth $7,970,000 after buying an additional 7,109 shares during the period. Institutional investors and hedge funds own 84.91% of the company’s stock.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 71.08 on Friday. The stock has a market cap of $36.54 billion, a PE ratio of 21.03 and a beta of 0.89. The stock has a 50 day moving average of $68.48 and a 200 day moving average of $67.34. Marsh & McLennan Companies, Inc. has a 1-year low of $56.26 and a 1-year high of $71.29.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.05. Marsh & McLennan Companies had a net margin of 13.38% and a return on equity of 26.99%. The firm earned $3.40 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post $3.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, January 25th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, January 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.24%.

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MMC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price objective (down previously from $69.00) on shares of Marsh & McLennan Companies in a research report on Friday, October 28th. BMO Capital Markets raised shares of Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $76.00 in a research note on Friday, November 4th. They noted that the move was a valuation call. Sandler O’Neill raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Finally, Vetr raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $71.72 target price for the company in a research note on Monday, December 5th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.19.

In related news, SVP Robert J. Rapport sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $69.00, for a total value of $690,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alexander S. Moczarski sold 8,850 shares of the firm’s stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $68.00, for a total transaction of $601,800.00. The disclosure for this sale can be found here. Insiders sold 136,427 shares of company stock valued at $9,550,408 in the last quarter. Company insiders own 1.51% of the company’s stock.

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 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

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).

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