Accident Compensation Corp lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,621 shares of the financial services provider’s stock after selling 10,015 shares during the quarter. Marsh & McLennan Companies accounts for about 1.7% of Accident Compensation Corp’s investment portfolio, making the stock its 18th biggest holding. Accident Compensation Corp’s holdings in Marsh & McLennan Companies were worth $6,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMC. Candriam Luxembourg S.C.A. grew its holdings in Marsh & McLennan Companies by 1.9% during the second quarter. Candriam Luxembourg S.C.A. now owns 49,881 shares of the financial services provider’s stock valued at $3,889,000 after purchasing an additional 933 shares during the period. IFP Advisors Inc boosted its holdings in shares of Marsh & McLennan Companies by 0.3% in the second quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock valued at $435,000 after buying an additional 18 shares during the period. Pictet Asset Management Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 3.3% in the second quarter. Pictet Asset Management Ltd. now owns 469,685 shares of the financial services provider’s stock valued at $36,428,000 after buying an additional 15,178 shares during the period. Pioneer Investment Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 14.7% in the second quarter. Pioneer Investment Management Inc. now owns 3,445,716 shares of the financial services provider’s stock valued at $268,628,000 after buying an additional 440,550 shares during the period. Finally, Global X Management Co. LLC boosted its holdings in shares of Marsh & McLennan Companies by 13.3% in the second quarter. Global X Management Co. LLC now owns 4,775 shares of the financial services provider’s stock valued at $372,000 after buying an additional 560 shares during the period. Hedge funds and other institutional investors own 85.99% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down $0.96 on Wednesday, reaching $85.01. 2,055,300 shares of the company traded hands, compared to its average volume of 1,773,803. Marsh & McLennan Companies, Inc. has a fifty-two week low of $66.75 and a fifty-two week high of $86.54. The firm has a market capitalization of $43,875.38, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.83 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 (NYSE:MMC) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. equities research analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year.

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

In other Marsh & McLennan Companies news, Director Marc D. Oken bought 1,235 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the acquisition, the director now owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Several research firms have recently weighed in on MMC. UBS cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a report on Wednesday. Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a report on Monday. They issued a “neutral” rating and a $88.00 price target for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $88.00 price target on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Jefferies Group reiterated a “hold” rating on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $85.75.

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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.

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

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