Green Square Capital LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,828 shares of the financial services provider’s stock after buying an additional 963 shares during the period. Green Square Capital LLC’s holdings in Marsh & McLennan Companies were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Carroll Financial Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 21.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after buying an additional 233 shares during the period. Tompkins Financial Corp boosted its stake in shares of Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after buying an additional 135 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $109,000. Grove Bank & Trust boosted its stake in shares of Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after buying an additional 85 shares during the period. Finally, CWM LLC boosted its stake in shares of Marsh & McLennan Companies by 0.7% in the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after buying an additional 13 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 0.15% during midday trading on Friday, reaching $83.20. The company’s stock had a trading volume of 1,068,231 shares. The company has a market cap of $42.64 billion, a PE ratio of 22.99 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $84.52. The stock has a 50-day moving average price of $80.71 and a 200 day moving average price of $77.43.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, October 6th. Marsh & McLennan Companies’s payout ratio is 41.44%.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were 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 approximately $5,290,091.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.46% of the stock is owned by company insiders.

MMC has been the subject of several recent research reports. Jefferies Group LLC reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. BidaskClub upgraded Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Barclays PLC boosted their price target on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $80.00 price target (up from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. Finally, Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $82.64.

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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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