Majedie Asset Management Ltd bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 62,068 shares of the financial services provider’s stock, valued at approximately $5,202,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its position in 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 worth $435,000 after buying an additional 18 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.4% during 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 holdings in shares of Marsh & McLennan Companies by 1.2% during 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 holdings in shares of Marsh & McLennan Companies by 1.4% during 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 holdings in shares of Marsh & McLennan Companies by 1.5% during 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 own 85.04% of the company’s stock.

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MMC has been the topic of a number of recent research reports. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.39.

In other news, Director Marc D. Oken bought 1,235 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the acquisition, the director now directly owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.46% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down $0.80 on Thursday, reaching $82.65. 1,057,600 shares of the company traded hands, compared to its average volume of 1,776,481. The company has a market cap of $41,780.00, a P/E ratio of 22.19, a PEG ratio of 1.77 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12-month low of $66.75 and a 12-month high of $84.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77.

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

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

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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