LMR Partners LLP purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,104 shares of the financial services provider’s stock, valued at approximately $2,970,000.

A number of other institutional investors also recently bought and sold shares of MMC. Carroll Financial Associates Inc. raised its position in 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 last quarter. Tompkins Financial Corp raised its position in 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 last quarter. CENTRAL TRUST Co raised its position in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock valued at $111,000 after buying an additional 102 shares during the last quarter. Ledyard National Bank raised its position in Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,310 shares during the last quarter. Finally, Grove Bank & Trust raised its position in 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 last quarter. Institutional investors own 85.53% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 77.77 on Tuesday. The stock has a 50 day moving average of $78.42 and a 200-day moving average of $75.26. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $81.00. The stock has a market capitalization of $39.86 billion, a P/E ratio of 21.49 and a beta of 0.98.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 11th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, July 7th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.93%. Marsh & McLennan Companies’s payout ratio is 41.44%.

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Several equities analysts recently weighed in on the stock. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. BidaskClub lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $83.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, June 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Marsh & McLennan Companies has an average rating of “Buy” and a consensus price target of $81.56.

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.

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

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