Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Mastrapasqua Asset Management Inc.

Mastrapasqua Asset Management Inc. reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,550 shares of the company’s stock after selling 1,969 shares during the period. Marsh & McLennan Companies makes up about 1.6% of Mastrapasqua Asset Management Inc.’s holdings, making the stock its 22nd largest position. Mastrapasqua Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $6,358,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in Marsh & McLennan Companies by 93.7% in the third quarter. UBS Asset Management Americas Inc. now owns 4,169,366 shares of the company’s stock valued at $280,389,000 after buying an additional 2,017,172 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Marsh & McLennan Companies by 29.1% in the third quarter. Ameriprise Financial Inc. now owns 4,666,820 shares of the company’s stock valued at $313,841,000 after buying an additional 1,052,644 shares during the last quarter. BlackRock Advisors LLC increased its stake in Marsh & McLennan Companies by 33.2% in the third quarter. BlackRock Advisors LLC now owns 3,546,957 shares of the company’s stock valued at $238,533,000 after buying an additional 883,374 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Marsh & McLennan Companies by 67.6% in the third quarter. BlackRock Investment Management LLC now owns 2,190,466 shares of the company’s stock valued at $147,309,000 after buying an additional 883,263 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Marsh & McLennan Companies by 2,551.3% in the third quarter. Canada Pension Plan Investment Board now owns 862,692 shares of the company’s stock valued at $58,016,000 after buying an additional 830,154 shares during the last quarter. 84.91% of the stock is owned by institutional investors and hedge funds.

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 firm’s 50-day moving average price is $68.48 and its 200 day moving average price is $67.34. The firm has a market cap of $36.54 billion, a P/E ratio of 21.03 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a 12-month low of $56.26 and a 12-month high of $71.29.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, February 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post $3.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $0.34 per share. 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 payout ratio is presently 40.24%.

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Several brokerages have commented on MMC. Credit Suisse Group reiterated a “hold” rating and issued a $73.00 price target on shares of Marsh & McLennan Companies in a research report on Sunday, February 5th. Vetr upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $71.72 price target on the stock in a research report on Monday, December 5th. BMO Capital Markets upgraded shares of Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $76.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. RBC Capital Markets reiterated a “buy” rating and issued a $76.00 price target on shares of Marsh & McLennan Companies in a research report on Thursday, February 2nd. Finally, Sandler O’Neill upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Buy” and a consensus target price of $72.19.

In other news, Chairman Alexander S. Moczarski sold 8,850 shares of the stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $68.00, for a total transaction of $601,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert J. Rapport sold 10,000 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $69.00, for a total value of $690,000.00. The disclosure for this sale can be found here. Insiders have sold 136,427 shares of company stock worth $9,550,408 in the last 90 days. 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

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