Seaward Management Limited Partnership continued to hold its stake in shares of Marsh & McLennan Cos. (NYSE:MMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,300 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Marsh & McLennan Cos. were worth $978,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MMC. HL Financial Services LLC raised its position in shares of Marsh & McLennan Cos. by 0.4% in the second quarter. HL Financial Services LLC now owns 16,324 shares of the company’s stock valued at $1,118,000 after buying an additional 60 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Marsh & McLennan Cos. during the second quarter valued at $37,874,000. Financial Architects Inc raised its position in shares of Marsh & McLennan Cos. by 326.2% in the second quarter. Financial Architects Inc now owns 2,144 shares of the company’s stock valued at $146,000 after buying an additional 1,641 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Marsh & McLennan Cos. by 12.1% in the second quarter. Shell Asset Management Co. now owns 107,058 shares of the company’s stock valued at $7,329,000 after buying an additional 11,587 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Marsh & McLennan Cos. by 480.6% in the second quarter. Daiwa Securities Group Inc. now owns 72,000 shares of the company’s stock valued at $4,929,000 after buying an additional 59,600 shares during the last quarter. 85.97% of the stock is owned by hedge funds and other institutional investors.

Shares of Marsh & McLennan Cos. (NYSE:MMC) traded up 1.24% during mid-day trading on Wednesday, hitting $67.63. The company’s stock had a trading volume of 1,735,427 shares. Marsh & McLennan Cos. has a 1-year low of $50.81 and a 1-year high of $68.69. The company has a 50-day moving average of $67.11 and a 200 day moving average of $64.69. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 21.61 and a beta of 0.98.

Marsh & McLennan Cos. (NYSE:MMC) last posted its earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. Marsh & McLennan Cos. had a return on equity of 25.30% and a net margin of 12.54%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Marsh & McLennan Cos. will post $3.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, October 11th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.01%. Marsh & McLennan Cos.’s payout ratio is 43.45%.

A number of brokerages have recently commented on MMC. BMO Capital Markets reissued a “market perform” rating and set a $73.00 price objective (down previously from $77.00) on shares of Marsh & McLennan Cos. in a report on Tuesday, July 12th. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Cos. from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Deutsche Bank AG increased their price objective on Marsh & McLennan Cos. from $67.00 to $71.00 and gave the company a “buy” rating in a report on Friday, July 29th. Barclays PLC reissued an “overweight” rating and set a $71.00 price objective on shares of Marsh & McLennan Cos. in a report on Tuesday, June 21st. Finally, Credit Suisse Group AG set a $55.00 price objective on Marsh & McLennan Cos. and gave the company a “hold” rating in a report on Monday, September 12th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Marsh & McLennan Cos. has a consensus rating of “Buy” and an average target price of $66.64.

In other news, Chairman Alexander S. Moczarski sold 22,230 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $67.41, for a total value of $1,498,524.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.51% of the stock is owned by insiders.

About Marsh & McLennan Cos.

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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

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