Capital World Investors held its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,690,003 shares of the financial services provider’s stock at the close of the second quarter. Capital World Investors owned 0.92% of Marsh & McLennan Companies worth $365,633,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. CWM LLC increased its holdings in Marsh & McLennan Companies by 0.7% in the second 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 last quarter. IFP Advisors Inc lifted its stake in Marsh & McLennan Companies by 0.3% in the second quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock valued at $435,000 after buying an additional 18 shares during the period. Wetherby Asset Management Inc. boosted its holdings in Marsh & McLennan Companies by 0.4% during the second quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock worth $393,000 after buying an additional 19 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in Marsh & McLennan Companies by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 8,519 shares of the financial services provider’s stock worth $629,000 after buying an additional 22 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its holdings in Marsh & McLennan Companies by 1.8% during the first quarter. Guardian Life Insurance Co. of America now owns 1,989 shares of the financial services provider’s stock worth $147,000 after buying an additional 35 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 1.05% on Wednesday, reaching $83.50. 598,841 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $80.24 and its 200-day moving average price is $77.28. The stock has a market cap of $42.80 billion, a P/E ratio of 23.07 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $84.52.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a yield of 1.78%. Marsh & McLennan Companies’s payout ratio is currently 41.44%.

Several equities analysts have recently issued reports on MMC shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. 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. Jefferies Group LLC reissued a “hold” rating and set a $87.00 price objective (up previously from $80.00) on shares of Marsh & McLennan Companies in a research note on Monday, July 24th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Buy” and an average target price of $81.56.

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In other news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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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