US Bancorp DE increased its position in shares of Marsh & McLennan Cos. (NYSE:MMC) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,939 shares of the company’s stock after buying an additional 11,158 shares during the period. US Bancorp DE’s holdings in Marsh & McLennan Cos. were worth $15,194,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MMC. Seven Bridges Advisors LLC increased its position in shares of Marsh & McLennan Cos. by 21.0% in the third quarter. Seven Bridges Advisors LLC now owns 1,524 shares of the company’s stock worth $102,000 after buying an additional 264 shares during the period. Coconut Grove Bank increased its position in shares of Marsh & McLennan Cos. by 15.7% in the third quarter. Coconut Grove Bank now owns 1,628 shares of the company’s stock worth $109,000 after buying an additional 221 shares during the period. Washington Trust Bank increased its position 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 worth $114,000 after buying an additional 10 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of Marsh & McLennan Cos. during the first quarter worth $121,000. Finally, Financial Architects Inc increased its position in shares of Marsh & McLennan Cos. by 326.2% in the second quarter. Financial Architects Inc now owns 2,144 shares of the company’s stock worth $146,000 after buying an additional 1,641 shares during the period. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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

Marsh & McLennan Cos. (NYSE:MMC) traded down 0.85% during midday trading on Monday, reaching $69.18. The company’s stock had a trading volume of 852,838 shares. The company has a market cap of $35.67 billion, a PE ratio of 21.28 and a beta of 0.85. The stock has a 50-day moving average price of $65.98 and a 200 day moving average price of $66.36. 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 issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company earned $3.14 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business posted $0.63 EPS. Marsh & McLennan Cos.’s quarterly revenue was up .6% compared to the same quarter last year. Analysts expect that Marsh & McLennan Cos. will post $3.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 11th were paid a dividend of $0.34 per share. 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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A number of brokerages have recently issued reports on MMC. BMO Capital Markets upgraded Marsh & McLennan Cos. from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $76.00 in a report on Friday, November 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded Marsh & McLennan Cos. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, October 3rd. Sandler O’Neill upgraded Marsh & McLennan Cos. from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Barclays PLC restated a “buy” rating and set a $77.00 price objective on shares of Marsh & McLennan Cos. in a report on Friday, September 30th. Finally, Citigroup Inc. reduced their price objective on Marsh & McLennan Cos. from $78.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, October 11th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.25.

In related news, Chairman Peter Zaffino sold 109,279 shares of Marsh & McLennan Cos. stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $65.08, for a total value of $7,111,877.32. Following the completion of the transaction, the chairman now directly owns 203,352 shares in the company, valued at approximately $13,234,148.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert J. Rapport sold 10,000 shares of Marsh & McLennan Cos. stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $69.00, for a total transaction of $690,000.00. The disclosure for this sale can be found here. 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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