Shelton Capital Management acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,925 shares of the financial services provider’s stock, valued at approximately $696,000.

Several other institutional investors have also bought and sold shares of MMC. Carroll Financial Associates Inc. increased its position in shares of Marsh & McLennan Companies by 21.8% during the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 233 shares in the last quarter. Tompkins Financial Corp increased its position in shares of Marsh & McLennan Companies by 10.9% during the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 135 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $109,000. Grove Bank & Trust increased its position in shares of Marsh & McLennan Companies by 5.6% during the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 85 shares in the last quarter. Finally, CWM LLC increased its position in shares of Marsh & McLennan Companies by 0.7% during the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Several analysts recently commented on MMC shares. BidaskClub cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC boosted their price target on Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Citigroup Inc. boosted their price target on Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Marsh & McLennan Companies has an average rating of “Buy” and an average price target of $82.64.

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In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were 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 directly owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.46% of the stock is currently owned by company insiders.

Marsh & McLennan Companies, Inc. (NYSE MMC) traded down 0.15% during trading on Friday, reaching $83.20. The company’s stock had a trading volume of 1,068,231 shares. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $84.52. The company has a market capitalization of $42.64 billion, a PE ratio of 22.99 and a beta of 1.01. The company has a 50 day moving average price of $80.71 and a 200-day moving average price of $77.43.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The business 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%. Marsh & McLennan Companies’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 10th will be paid 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 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.

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

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