FDx Advisors Inc. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,377 shares of the financial services provider’s stock after purchasing an additional 5,580 shares during the quarter. FDx Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $2,462,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Carroll Financial Associates Inc. boosted its stake in Marsh & McLennan Companies by 21.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 233 shares during the period. Acrospire Investment Management LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $109,000. Grove Bank & Trust boosted its stake in Marsh & McLennan Companies by 5.6% in the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 85 shares during the period. CWM LLC boosted its stake in Marsh & McLennan Companies by 0.7% in the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 13 shares during the period. Finally, Orrstown Financial Services Inc. boosted its stake in Marsh & McLennan Companies by 11.3% in the 2nd quarter. Orrstown Financial Services Inc. now owns 1,797 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 182 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) traded up $0.22 during mid-day trading on Friday, hitting $83.15. The stock had a trading volume of 1,040,300 shares, compared to its average volume of 1,828,271. The firm has a market capitalization of $42,436.18, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.77. Marsh & McLennan Companies, Inc. has a 12 month low of $66.75 and a 12 month high of $84.90.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 annualized dividend and a dividend yield of 1.80%. Marsh & McLennan Companies’s payout ratio is 41.10%.

MMC has been the subject of several recent research reports. BidaskClub downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Deutsche Bank AG downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 4th. Barclays PLC upped their target price 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. Wells Fargo & Company set a $91.00 target price on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, 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 Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $84.39.

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In related news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the sale, the senior vice president now owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc D. Oken bought 1,235 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $80.89 per share, with a total value of $99,899.15. Following the purchase, the director now directly owns 40,120 shares of the company’s stock, valued at $3,245,306.80. The disclosure for this purchase can be found here. Corporate insiders own 1.46% of the company’s stock.

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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