OxFORD Asset Management LLP acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 53,759 shares of the financial services provider’s stock, valued at approximately $4,191,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MMC. BlackRock Inc. grew its position in shares of Marsh & McLennan Companies by 3,253.2% in the 1st quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock valued at $2,767,683,000 after acquiring an additional 36,339,736 shares during the period. USS Investment Management Ltd boosted its holdings in shares of Marsh & McLennan Companies by 401.0% during the 2nd quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock worth $155,251,000 after buying an additional 1,594,047 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Marsh & McLennan Companies by 30.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock worth $504,264,000 after buying an additional 1,510,060 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Marsh & McLennan Companies by 3.4% during the 1st 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 during the period. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $60,210,000. 84.82% of the stock is owned by institutional investors.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the transaction, the senior vice president now owns 68,427 shares in the company, valued at $5,290,091.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by company insiders.

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MMC has been the subject of several research analyst reports. BidaskClub downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $83.00 target price on shares of Marsh & McLennan Companies in a report on Friday, June 9th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Tuesday, June 27th. Barclays PLC lifted their target price on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Marsh & McLennan Companies has an average rating of “Buy” and an average price target of $81.56.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 83.81 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $83.89. The firm has a market cap of $42.95 billion, a PE ratio of 23.16 and a beta of 0.98. The firm has a 50-day moving average of $78.64 and a 200 day moving average of $76.59.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post $3.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.375 per share. 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 1.79%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

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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