GRATRY & Co LLC reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,670 shares of the financial services provider’s stock after selling 135 shares during the quarter. GRATRY & Co LLC’s holdings in Marsh & McLennan Companies were worth $286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Marsh & McLennan Companies by 3,253.2% during the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock valued at $2,767,683,000 after buying an additional 36,339,736 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Marsh & McLennan Companies by 4,831.1% during the second quarter. Janus Henderson Group PLC now owns 3,501,261 shares of the financial services provider’s stock valued at $272,958,000 after buying an additional 3,430,257 shares during the last quarter. USS Investment Management Ltd grew its holdings in shares of Marsh & McLennan Companies by 401.0% during the second quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock valued at $155,251,000 after buying an additional 1,594,047 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Marsh & McLennan Companies by 30.5% during the second quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock valued at $504,264,000 after buying an additional 1,510,060 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 3.4% during the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock valued at $2,516,739,000 after buying an additional 1,105,074 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $85.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $83.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, August 18th. Morgan Stanley reissued an “equal weight” rating and set a $80.00 price objective (up from $73.00) on shares of Marsh & McLennan Companies in a report on Friday, July 7th. Jefferies Group LLC reissued a “hold” rating on shares of Marsh & McLennan Companies in a report on Friday, June 16th. Finally, Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price objective on the stock in a report on Monday, October 2nd. One investment 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. The stock presently has an average rating of “Buy” and a consensus price target of $82.64.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.46% of the company’s stock.

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Marsh & McLennan Companies, Inc. (MMC) traded up 0.7997% on Friday, reaching $84.2383. 411,442 shares of the company were exchanged. The stock has a 50-day moving average price of $81.40 and a 200 day moving average price of $77.69. The stock has a market capitalization of $43.17 billion, a price-to-earnings ratio of 23.2767 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $84.52.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the firm posted $0.91 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts forecast 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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s payout ratio is currently 41.44%.

Marsh & McLennan Companies 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 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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