Sumitomo Mitsui Trust Group Inc. Has $251.37 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sumitomo Mitsui Trust Group Inc. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,183,396 shares of the financial services provider’s stock after purchasing an additional 2,829 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Marsh & McLennan Companies worth $251,365,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB lifted its stake in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after purchasing an additional 19,024 shares during the period. Mather Group LLC. lifted its position in shares of Marsh & McLennan Companies by 6.9% during the 3rd quarter. Mather Group LLC. now owns 2,114 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 136 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 52 shares during the period. CWM LLC increased its stake in Marsh & McLennan Companies by 2.4% in the third quarter. CWM LLC now owns 22,050 shares of the financial services provider’s stock valued at $4,919,000 after purchasing an additional 523 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Marsh & McLennan Companies by 3.8% in the 3rd quarter. Wedmont Private Capital now owns 7,322 shares of the financial services provider’s stock valued at $1,609,000 after buying an additional 267 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 0.6 %

NYSE:MMC opened at $227.45 on Friday. The firm’s 50 day moving average is $216.93 and its 200 day moving average is $221.52. Marsh & McLennan Companies, Inc. has a 12 month low of $194.50 and a 12 month high of $235.50. The stock has a market capitalization of $111.71 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.