Oregon Public Employees Retirement Fund increased its stake in Marsh & McLennan Cos. (NYSE:MMC) by 37.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,679 shares of the company’s stock after buying an additional 53,679 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Marsh & McLennan Cos. were worth $13,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Washington Trust Bank increased its position in Marsh & McLennan Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,695 shares of the company’s stock valued at $114,000 after buying an additional 10 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in Marsh & McLennan Cos. during the first quarter valued at approximately $121,000. Financial Architects Inc increased its position in Marsh & McLennan Cos. by 326.2% in the second quarter. Financial Architects Inc now owns 2,144 shares of the company’s stock valued at $146,000 after buying an additional 1,641 shares in the last quarter. Integrated Investment Consultants LLC increased its position in Marsh & McLennan Cos. by 10.7% in the second quarter. Integrated Investment Consultants LLC now owns 2,356 shares of the company’s stock valued at $161,000 after buying an additional 228 shares in the last quarter. Finally, First Allied Advisory Services Inc. bought a new position in Marsh & McLennan Cos. during the second quarter valued at approximately $201,000. 87.80% of the stock is currently owned by institutional investors.

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

Marsh & McLennan Cos. (NYSE:MMC) traded down 0.03% during mid-day trading on Monday, reaching $69.21. 1,924,604 shares of the company were exchanged. The firm has a market capitalization of $35.68 billion, a P/E ratio of 21.29 and a beta of 0.85. Marsh & McLennan Cos. has a 1-year low of $50.81 and a 1-year high of $69.69. The stock has a 50-day moving average of $65.69 and a 200 day moving average of $66.17.

Marsh & McLennan Cos. (NYSE:MMC) last released its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. Marsh & McLennan Cos. had a net margin of 12.95% and a return on equity of 25.27%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Cos. will post $3.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 11th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, October 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.97%. Marsh & McLennan Cos.’s dividend payout ratio (DPR) is presently 41.85%.

A number of research analysts have commented on MMC shares. Deutsche Bank AG raised their target price on shares of Marsh & McLennan Cos. from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research raised shares of Marsh & McLennan Cos. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, October 3rd. Barclays PLC reissued a “buy” rating and set a $77.00 target price on shares of Marsh & McLennan Cos. in a research report on Friday, September 30th. Citigroup Inc. cut their target price on shares of Marsh & McLennan Cos. from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Finally, Sandler O’Neill raised shares of Marsh & McLennan Cos. from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $69.25.

In related news, Chairman Peter Zaffino sold 21,087 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $63.16, for a total transaction of $1,331,854.92. Following the completion of the sale, the chairman now directly owns 150,736 shares of the company’s stock, valued at $9,520,485.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.51% of the company’s stock.

About Marsh & McLennan Cos.

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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

5 Day Chart for NYSE:MMC

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