Private Advisor Group LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,847 shares of the financial services provider’s stock after acquiring an additional 2,443 shares during the quarter. Private Advisor Group LLC’s holdings in Marsh & McLennan Companies were worth $4,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Carillon Tower Advisers Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $63,852,000. Fosun International Ltd purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth $206,000. Buckingham Asset Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 27.7% in the 2nd quarter. Buckingham Asset Management LLC now owns 3,918 shares of the financial services provider’s stock worth $391,000 after buying an additional 850 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth $1,969,000. Finally, Scout Investments Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $93,139,000. 86.74% of the stock is currently owned by institutional investors.

Shares of NYSE MMC traded up $0.75 during mid-day trading on Thursday, reaching $102.37. 45,711 shares of the company were exchanged, compared to its average volume of 1,283,472. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. The stock has a market cap of $50.65 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 1.78 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 1 year low of $74.30 and a 1 year high of $103.36. The firm has a 50-day moving average of $98.73 and a 200 day moving average of $96.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.84%.

Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group upped their target price on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $100.00 to $99.00 in a report on Wednesday, June 12th. Finally, Morgan Stanley upped their price objective on Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $98.50.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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

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