Alyeska Investment Group L.P. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,276 shares of the financial services provider’s stock, valued at approximately $1,699,000.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Marsh & McLennan Companies by 9.3% during the second quarter. BlackRock Inc. now owns 40,950,741 shares of the financial services provider’s stock valued at $3,192,520,000 after purchasing an additional 3,493,942 shares during the last quarter. Vanguard Group Inc. increased its stake in Marsh & McLennan Companies by 2.6% during the second quarter. Vanguard Group Inc. now owns 34,936,066 shares of the financial services provider’s stock valued at $2,723,616,000 after purchasing an additional 875,454 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Marsh & McLennan Companies by 0.6% during the second quarter. Artisan Partners Limited Partnership now owns 7,758,692 shares of the financial services provider’s stock valued at $604,868,000 after purchasing an additional 44,184 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Marsh & McLennan Companies by 12.9% during the third quarter. Ameriprise Financial Inc. now owns 7,328,740 shares of the financial services provider’s stock worth $614,221,000 after acquiring an additional 836,047 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Marsh & McLennan Companies by 35.2% during the third quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock worth $561,069,000 after acquiring an additional 1,747,201 shares during the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.

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.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) traded down $1.25 on Thursday, reaching $83.40. 2,776,200 shares of the company were exchanged, compared to its average volume of 1,765,499. The company has a market cap of $43,206.81, a price-to-earnings ratio of 22.52, a PEG ratio of 1.80 and a beta of 1.01. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77. Marsh & McLennan Companies, Inc. has a 12-month low of $66.75 and a 12-month high of $86.54.

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. research analysts anticipate 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 1.80%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.10%.

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, August 18th. Jefferies Group restated a “hold” rating on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Royal Bank of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price target for the company in a research report on Monday, October 2nd. Finally, Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Monday, December 4th. They set a “neutral” rating and a $88.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $86.42.

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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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