Amica Mutual Insurance Co. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 25,030 shares of the financial services provider’s stock, valued at approximately $2,098,000.

Several other large investors have also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Marsh & McLennan Companies by 0.3% in the 2nd quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 18 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Marsh & McLennan Companies by 0.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 19 shares in the last quarter. Lourd Capital LLC raised its position in shares of Marsh & McLennan Companies by 1.2% in the 2nd quarter. Lourd Capital LLC now owns 2,840 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 35 shares in the last quarter. Glenview Trust Co raised its position in shares of Marsh & McLennan Companies by 1.4% in the 2nd quarter. Glenview Trust Co now owns 3,582 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 50 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of Marsh & McLennan Companies by 1.5% in the 2nd quarter. TRUE Private Wealth Advisors now owns 4,336 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 85.04% of the company’s stock.

Several equities research analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Wells Fargo & Company set a $91.00 price target on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank AG lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a research report on Wednesday, October 4th. Zacks Investment Research lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Barclays PLC upped their price target on Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $84.39.

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Shares of Marsh & McLennan Companies, Inc. (MMC) traded down $0.80 during midday trading on Friday, reaching $82.65. The company’s stock had a trading volume of 1,057,600 shares, compared to its average volume of 1,776,481. Marsh & McLennan Companies, Inc. has a 1 year low of $66.75 and a 1 year high of $84.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $42,180.99, a price-to-earnings ratio of 21.98, a PEG ratio of 1.76 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.

In related news, Director Marc D. Oken bought 1,235 shares of the company’s stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $80.89 per share, with a total value of $99,899.15. Following the completion of the transaction, the director now directly owns 40,120 shares of the company’s stock, valued at $3,245,306.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.46% of the stock is owned by company insiders.

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 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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