Gulf International Bank UK Ltd maintained its stake in shares of Marsh & McLennan Cos. (NYSE:MMC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,707 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Marsh & McLennan Cos. were worth $10,740,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MMC. Washington Trust Bank increased its stake in shares of 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 during the period. Sawtooth Asset Management Inc. increased its stake in Marsh & McLennan Cos. by 1.2% in the second quarter. Sawtooth Asset Management Inc. now owns 3,928 shares of the company’s stock worth $269,000 after buying an additional 46 shares during the period. HL Financial Services LLC increased its stake in Marsh & McLennan Cos. by 0.4% in the second quarter. HL Financial Services LLC now owns 16,324 shares of the company’s stock worth $1,118,000 after buying an additional 60 shares during the period. First National Trust Co. increased its stake in Marsh & McLennan Cos. by 0.9% in the second quarter. First National Trust Co. now owns 8,622 shares of the company’s stock worth $590,000 after buying an additional 79 shares during the period. Finally, IFP Advisors Inc increased its stake in Marsh & McLennan Cos. by 1.8% in the second quarter. IFP Advisors Inc now owns 4,457 shares of the company’s stock worth $305,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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

Shares of Marsh & McLennan Cos. (NYSE:MMC) traded down 1.22% during mid-day trading on Monday, reaching $68.92. The company had a trading volume of 1,778,611 shares. The stock has a 50 day moving average price of $65.98 and a 200 day moving average price of $66.36. The firm has a market capitalization of $35.53 billion, a PE ratio of 21.20 and a beta of 0.85. Marsh & McLennan Cos. has a 12-month low of $50.81 and a 12-month high of $69.77.

Marsh & McLennan Cos. (NYSE:MMC) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Marsh & McLennan Cos. had a return on equity of 25.27% and a net margin of 12.95%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the firm posted $0.63 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Cos. will post $3.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 11th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.95%. Marsh & McLennan Cos.’s payout ratio is currently 41.85%.

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MMC has been the subject of several analyst reports. Zacks Investment Research cut shares of Marsh & McLennan Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Citigroup Inc. decreased their target price on shares of Marsh & McLennan Cos. from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, October 11th. Sandler O’Neill raised shares of Marsh & McLennan Cos. from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. BMO Capital Markets raised shares of Marsh & McLennan Cos. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $75.00 to $76.00 in a research note on Friday, November 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG set a $55.00 price objective on shares of Marsh & McLennan Cos. and gave the stock a “hold” rating in a research report on Monday, September 12th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.25.

In related news, Chairman Peter Zaffino sold 21,087 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 150,736 shares of the company’s stock, valued at approximately $9,520,485.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert J. Rapport sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $69.00, for a total value of $690,000.00. The disclosure for this sale can be found here. 1.51% of the stock is owned by company insiders.

Marsh & McLennan Cos. Company Profile

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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