Rational Advisors LLC maintained its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, Holdings Channel reports. The fund owned 2,579 shares of the financial services provider’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in Marsh & McLennan Companies were worth $201,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Marsh & McLennan Companies by 3,253.2% in the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock valued at $2,767,683,000 after buying an additional 36,339,736 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Marsh & McLennan Companies by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after buying an additional 1,105,074 shares in the last quarter. State Street Corp boosted its position in shares of Marsh & McLennan Companies by 2.5% in the first quarter. State Street Corp now owns 23,756,275 shares of the financial services provider’s stock worth $1,755,356,000 after buying an additional 585,706 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Marsh & McLennan Companies by 1.0% in the first quarter. Artisan Partners Limited Partnership now owns 7,714,508 shares of the financial services provider’s stock worth $570,025,000 after buying an additional 74,483 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Marsh & McLennan Companies by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 6,014,937 shares of the financial services provider’s stock worth $444,444,000 after buying an additional 130,845 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 77.77 on Tuesday. The stock has a 50 day moving average of $78.42 and a 200 day moving average of $75.26. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $81.00. The company has a market cap of $39.86 billion, a price-to-earnings ratio of 21.49 and a beta of 0.98.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 11th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

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MMC has been the subject of a number of recent research reports. BidaskClub cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, June 27th. Barclays PLC increased their price objective on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Finally, Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Marsh & McLennan Companies has an average rating of “Buy” and an average target price of $81.56.

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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