Penserra Capital Management LLC Acquires 3,593 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Penserra Capital Management LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 101.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,136 shares of the financial services provider's stock after purchasing an additional 3,593 shares during the period. Penserra Capital Management LLC's holdings in Marsh & McLennan Companies were worth $1,741,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parisi Gray Wealth Management bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $947,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Marsh & McLennan Companies by 101.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock valued at $25,270,000 after acquiring an additional 52,218 shares during the period. Annex Advisory Services LLC grew its position in shares of Marsh & McLennan Companies by 2.1% during the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock valued at $15,447,000 after acquiring an additional 1,288 shares during the period. Sowell Financial Services LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $977,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 15.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 80,667 shares of the financial services provider's stock valued at $19,685,000 after buying an additional 10,853 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded down $0.10 on Thursday, hitting $214.07. 483,797 shares of the company traded hands, compared to its average volume of 2,188,109. The firm's 50-day simple moving average is $223.20 and its 200 day simple moving average is $224.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The company has a market cap of $105.48 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.61 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same quarter last year, the company posted $2.89 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.68%. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.95%.

Analysts Set New Price Targets

A number of analysts recently commented on MMC shares. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $228.00 to $229.00 and gave the company an "equal weight" rating in a research note on Thursday. UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating on the stock in a research note on Wednesday. Barclays dropped their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $240.50.

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.