Schwab Charles Investment Management Inc. raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,650,406 shares of the financial services provider’s stock after buying an additional 93,689 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $128,666,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Carroll Financial Associates Inc. raised its position in shares of Marsh & McLennan Companies by 21.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after buying an additional 233 shares during the last quarter. Tompkins Financial Corp raised its position in shares of Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after buying an additional 135 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock valued at $111,000 after buying an additional 102 shares during the last quarter. Ledyard National Bank raised its position in shares of Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,310 shares during the last quarter. Finally, Grove Bank & Trust raised its position in shares of Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after buying an additional 85 shares during the last quarter. Institutional investors own 85.68% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 77.02 on Friday. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 21.28 and a beta of 0.98. The firm has a 50 day moving average price of $78.43 and a 200-day moving average price of $75.10. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be paid a dividend of $0.375 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.44%.

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Several equities analysts have recently issued reports on the company. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday. BidaskClub lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 9th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.46% of the stock is currently owned by company insiders.

About Marsh & McLennan Companies

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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