Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,333 shares of the financial services provider’s stock after selling 16,399 shares during the period. Strs Ohio owned 0.06% of Marsh & McLennan Companies worth $22,790,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of MMC. Capstone Asset Management Co. increased its stake in shares of Marsh & McLennan Companies by 5.0% in the first quarter. Capstone Asset Management Co. now owns 48,231 shares of the financial services provider’s stock worth $3,564,000 after buying an additional 2,310 shares during the period. Orrstown Financial Services Inc. increased its stake in shares of Marsh & McLennan Companies by 26.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,615 shares of the financial services provider’s stock worth $120,000 after buying an additional 340 shares during the period. Bank of Montreal Can increased its stake in shares of Marsh & McLennan Companies by 4.3% in the first quarter. Bank of Montreal Can now owns 695,627 shares of the financial services provider’s stock worth $51,400,000 after buying an additional 28,451 shares during the period. Pennsylvania Trust Co increased its stake in shares of Marsh & McLennan Companies by 2.8% in the first quarter. Pennsylvania Trust Co now owns 10,975 shares of the financial services provider’s stock worth $811,000 after buying an additional 300 shares during the period. Finally, National Pension Service increased its stake in shares of Marsh & McLennan Companies by 1.0% in the first quarter. National Pension Service now owns 393,339 shares of the financial services provider’s stock worth $29,150,000 after buying an additional 3,907 shares during the period. Hedge funds and other institutional investors own 85.68% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (MMC) traded down 0.08% during trading on Friday, reaching $77.02. The company’s stock had a trading volume of 882,325 shares. The stock has a market cap of $39.47 billion, a price-to-earnings ratio of 21.28 and a beta of 0.98. The company has a 50 day moving average of $78.43 and a 200-day moving average of $75.10. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.00. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.95%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.44%.

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A number of brokerages have recently issued reports on MMC. BidaskClub upgraded Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research report on Friday, June 16th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, July 27th. Citigroup Inc. boosted their target price on Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $85.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Marsh & McLennan Companies presently has an average rating of “Buy” and a consensus price target of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total value of $13,644,099.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is owned by company insiders.

About Marsh & McLennan Companies

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 risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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