Sciencast Management LP cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 66.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,891 shares of the financial services provider’s stock after selling 15,660 shares during the quarter. Sciencast Management LP’s holdings in Marsh & McLennan Companies were worth $615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMC. Carroll Financial Associates Inc. grew its holdings in 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 purchasing an additional 233 shares during the period. Tompkins Financial Corp grew its holdings in 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 purchasing an additional 135 shares during the period. Acrospire Investment Management LLC purchased a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $109,000. Grove Bank & Trust grew its holdings in 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 purchasing an additional 85 shares during the period. Finally, CWM LLC grew 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 period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (MMC) traded down 0.15% on Friday, reaching $83.20. 1,068,231 shares of the company’s stock were exchanged. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $84.52. The company has a market capitalization of $42.64 billion, a P/E ratio of 22.99 and a beta of 1.01. The firm’s 50 day moving average price is $80.71 and its 200-day moving average price is $77.43.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be issued a $0.375 dividend. 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 1.80%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.44%.

MMC has been the subject of a number of recent analyst reports. Barclays PLC boosted their target price on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. BidaskClub upgraded shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a report on Friday, June 9th. Finally, Citigroup Inc. boosted their target price on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $82.64.

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In related news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.46% of the company’s stock.

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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