Capital Guardian Trust Co. reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 66.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 705,735 shares of the financial services provider’s stock after selling 1,421,637 shares during the period. Capital Guardian Trust Co. owned about 0.14% of Marsh & McLennan Companies worth $55,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its position in shares of Marsh & McLennan Companies by 8.0% during the second quarter. Salem Investment Counselors Inc. now owns 2,312 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 172 shares in the last quarter. Sun Life Financial INC raised its holdings in Marsh & McLennan Companies by 17,833.3% in the second quarter. Sun Life Financial INC now owns 3,766 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 3,745 shares in the last quarter. Clinton Group Inc. acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $639,000. Carnegie Capital Asset Management LLC acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $448,000. Finally, Bishop Rock Capital L.P. acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $5,552,000. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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MMC has been the topic of several recent analyst reports. Barclays PLC upped their price target on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. BidaskClub raised shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Citigroup Inc. upped their price target on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.56.

Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.18% during mid-day trading on Friday, reaching $83.81. 2,010,094 shares of the company’s stock traded hands. The stock has a market capitalization of $42.95 billion, a PE ratio of 23.16 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $83.89. The firm’s 50-day moving average price is $78.64 and its 200 day moving average price is $76.59.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.91 earnings per share. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post $3.80 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be given a $0.375 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.50 annualized dividend and a yield of 1.79%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.44%.

In related news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.

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

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