Hardman Johnston Global Advisors LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,377 shares of the financial services provider’s stock after buying an additional 1,280 shares during the quarter. Marsh & McLennan Companies comprises about 1.5% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 18th largest position. Hardman Johnston Global Advisors LLC owned 0.08% of Marsh & McLennan Companies worth $34,058,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MMC. Tudor Investment Corp ET AL grew its position in Marsh & McLennan Companies by 294.9% during the first quarter. Tudor Investment Corp ET AL now owns 216,361 shares of the financial services provider’s stock worth $15,987,000 after buying an additional 161,578 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth about $251,000. HighTower Advisors LLC lifted its stake in Marsh & McLennan Companies by 4.4% during the first quarter. HighTower Advisors LLC now owns 218,651 shares of the financial services provider’s stock worth $16,139,000 after purchasing an additional 9,170 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Marsh & McLennan Companies by 6.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 16,829 shares of the financial services provider’s stock worth $1,243,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Janus Capital Management LLC lifted its stake in Marsh & McLennan Companies by 7.7% during the first quarter. Janus Capital Management LLC now owns 3,219,225 shares of the financial services provider’s stock worth $237,869,000 after purchasing an additional 229,877 shares during the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

In other news, Director Marc D. Oken acquired 1,235 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was acquired at an average price of $80.89 per share, with a total value of $99,899.15. Following the completion of the purchase, the director now directly owns 40,120 shares in the company, valued at $3,245,306.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction dated 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 directly owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

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Several equities research analysts have issued reports on MMC shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. Citigroup Inc. lifted their price target on Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Finally, BidaskClub lowered Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Marsh & McLennan Companies currently has a consensus rating of “Buy” and an average target price of $83.75.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The business had revenue of $3.34 billion during 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 firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, October 6th. Marsh & McLennan Companies’s payout ratio is currently 41.10%.

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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