Jensen Investment Management Inc. Has $679.84 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Jensen Investment Management Inc. lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,226,258 shares of the financial services provider’s stock after buying an additional 40,182 shares during the quarter. Marsh & McLennan Companies makes up 5.6% of Jensen Investment Management Inc.’s portfolio, making the stock its 6th biggest position. Jensen Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $679,837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. Norges Bank acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $1,048,077,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Marsh & McLennan Companies by 32.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares during the period. Assenagon Asset Management S.A. boosted its stake in Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after purchasing an additional 679,474 shares during the period. Jennison Associates LLC grew its position in Marsh & McLennan Companies by 229.6% in the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after purchasing an additional 649,505 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Marsh & McLennan Companies by 322.7% in the fourth quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock valued at $144,232,000 after purchasing an additional 581,131 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC traded up $0.65 during trading hours on Friday, hitting $229.11. 101,875 shares of the company were exchanged, compared to its average volume of 1,647,638. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $112.89 billion, a PE ratio of 28.99, a PEG ratio of 3.17 and a beta of 0.94. The firm has a fifty day simple moving average of $220.04 and a 200-day simple moving average of $210.32. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company posted $2.20 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, July 25th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Insider Buying and Selling

In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,735 shares of company stock valued at $6,151,377. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MMC. Bank of America increased their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Barclays began coverage on shares of Marsh & McLennan Companies in a report on Wednesday. They issued an “equal weight” rating and a $236.00 price objective for the company. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $215.53.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.