Birch Hill Investment Advisors LLC trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 566,521 shares of the financial services provider’s stock after selling 13,154 shares during the period. Marsh & McLennan Companies accounts for about 4.1% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Birch Hill Investment Advisors LLC owned about 0.11% of Marsh & McLennan Companies worth $56,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MMC. Marshall Wace LLP lifted its stake in Marsh & McLennan Companies by 4.5% in the 1st quarter. Marshall Wace LLP now owns 95,186 shares of the financial services provider’s stock valued at $8,938,000 after purchasing an additional 4,062 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in Marsh & McLennan Companies by 51.7% during the second quarter. Carroll Financial Associates Inc. now owns 1,475 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 503 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in Marsh & McLennan Companies by 1,717.1% during the second quarter. Contravisory Investment Management Inc. now owns 745 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 704 shares during the last quarter. Retirement Systems of Alabama lifted its position in Marsh & McLennan Companies by 1.4% during the second quarter. Retirement Systems of Alabama now owns 238,446 shares of the financial services provider’s stock worth $23,785,000 after acquiring an additional 3,246 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its position in Marsh & McLennan Companies by 374.8% during the second quarter. Pennsylvania Trust Co now owns 65,958 shares of the financial services provider’s stock worth $6,579,000 after acquiring an additional 52,066 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

MMC has been the subject of a number of analyst reports. ValuEngine downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley lifted their price target on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price target for the company. in a research report on Monday, July 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $99.33.

NYSE:MMC traded up $0.10 during mid-day trading on Thursday, reaching $98.30. The stock had a trading volume of 22,728 shares, compared to its average volume of 1,519,621. The stock has a 50-day simple moving average of $99.15 and a two-hundred day simple moving average of $97.79. The stock has a market capitalization of $49.90 billion, a PE ratio of 22.61, a P/E/G ratio of 1.73 and a beta of 0.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.18. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $103.36.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 4.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a $0.455 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.82 dividend on an annualized basis and a yield of 1.85%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.84%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.

Read More: What is the Quick Ratio?

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

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

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.