Assetmark Inc. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,331 shares of the financial services provider’s stock after purchasing an additional 5,408 shares during the quarter. Assetmark Inc.’s holdings in Marsh & McLennan Companies were worth $23,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. Bainco International Investors grew its stake in Marsh & McLennan Companies by 1.0% during the 2nd quarter. Bainco International Investors now owns 122,163 shares of the financial services provider’s stock valued at $10,014,000 after purchasing an additional 1,240 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Marsh & McLennan Companies by 8,564.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,946 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 2,912 shares in the last quarter. First Trust Advisors LP grew its stake in Marsh & McLennan Companies by 116.7% during the 2nd quarter. First Trust Advisors LP now owns 572,051 shares of the financial services provider’s stock valued at $46,891,000 after purchasing an additional 308,070 shares in the last quarter. D.A. Davidson & CO. grew its stake in Marsh & McLennan Companies by 96.1% during the 2nd quarter. D.A. Davidson & CO. now owns 11,014 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 5,398 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in Marsh & McLennan Companies by 29.4% during the 2nd quarter. Sigma Planning Corp now owns 3,945 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

A number of brokerages have weighed in on MMC. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a research note on Wednesday, November 14th. Wells Fargo & Co set a $93.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Thursday, October 25th. UBS Group lowered their price objective on Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating for the company in a research note on Monday, October 15th. Credit Suisse Group set a $91.00 target price on Marsh & McLennan Companies and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Finally, Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $93.40.

Shares of MMC opened at $85.23 on Friday. The company has a market capitalization of $43.71 billion, a PE ratio of 21.74, a PEG ratio of 1.51 and a beta of 0.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.73. Marsh & McLennan Companies, Inc. has a 52 week low of $77.11 and a 52 week high of $89.59.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th were given a $0.415 dividend. The ex-dividend date was Wednesday, October 10th. This represents a $1.66 annualized dividend and a dividend yield of 1.95%. Marsh & McLennan Companies’s payout ratio is 42.35%.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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

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