New York State Common Retirement Fund grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,552,000 shares of the financial services provider’s stock after purchasing an additional 3,200 shares during the period. New York State Common Retirement Fund owned 0.30% of Marsh & McLennan Companies worth $130,073,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC grew its position in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Great Lakes Advisors LLC now owns 8,677 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 217 shares during the last quarter. PICTET BANK & TRUST Ltd bought a new position in shares of Marsh & McLennan Companies during the second quarter worth about $1,454,000. Whittier Trust Co. grew its position in shares of Marsh & McLennan Companies by 17.7% during the third quarter. Whittier Trust Co. now owns 10,655 shares of the financial services provider’s stock worth $893,000 after acquiring an additional 1,600 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of Marsh & McLennan Companies during the second quarter worth about $4,338,000. Finally, Rothschild Investment Corp IL bought a new position in shares of Marsh & McLennan Companies during the third quarter worth about $1,713,000. Institutional investors and hedge funds own 86.00% of the company’s stock.

MMC has been the subject of several recent research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Deutsche Bank lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target for the company. in a research report on Wednesday, October 4th. Wells Fargo & Company set a $91.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Barclays upped their price target on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.39.

Marsh & McLennan Companies, Inc. (NYSE MMC) opened at $85.06 on Friday. The stock has a market cap of $42,834.25, a PE ratio of 22.32, a P/E/G ratio of 1.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. Marsh & McLennan Companies, Inc. has a 12-month low of $66.75 and a 12-month high of $85.10.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. Marsh & McLennan Companies’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. equities analysts forecast that Marsh & McLennan Companies, Inc. will post 3.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th were given a $0.375 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a yield of 1.76%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.

In related news, Director Marc D. Oken bought 1,235 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the transaction, the director now directly owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.46% of the company’s stock.

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Marsh & McLennan Companies 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 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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