M&T Bank Corp boosted its position in Marsh & McLennan Cos. (NYSE:MMC) by 15.6% during the third quarter, Holdings Channel reports. The firm owned 65,507 shares of the company’s stock after buying an additional 8,839 shares during the period. M&T Bank Corp’s holdings in Marsh & McLennan Cos. were worth $4,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Trust Bank raised its position in shares of Marsh & McLennan Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,695 shares of the company’s stock valued at $114,000 after buying an additional 10 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Marsh & McLennan Cos. by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 2,545 shares of the company’s stock valued at $166,000 after buying an additional 14 shares during the last quarter. Sawtooth Asset Management Inc. raised its position in shares of Marsh & McLennan Cos. by 1.2% in the second quarter. Sawtooth Asset Management Inc. now owns 3,928 shares of the company’s stock valued at $269,000 after buying an additional 46 shares during the last quarter. 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. Finally, First National Trust Co. raised its position in shares of Marsh & McLennan Cos. by 0.9% in the second quarter. First National Trust Co. now owns 8,622 shares of the company’s stock valued at $590,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 83.93% of the company’s stock.

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

Shares of Marsh & McLennan Cos. (NYSE:MMC) traded up 0.10% during trading on Tuesday, hitting $68.98. 1,772,373 shares of the company traded hands. Marsh & McLennan Cos. has a one year low of $50.81 and a one year high of $69.77. The stock has a market cap of $35.57 billion, a price-to-earnings ratio of 21.22 and a beta of 0.85. The firm has a 50 day moving average price of $66.05 and a 200-day moving average price of $66.43.

Marsh & McLennan Cos. (NYSE:MMC) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.25 billion. Marsh & McLennan Cos. had a net margin of 12.95% and a return on equity of 25.27%. Marsh & McLennan Cos.’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. Analysts predict that Marsh & McLennan Cos. will post $3.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, October 11th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $1.36 annualized dividend and a yield of 1.97%. Marsh & McLennan Cos.’s dividend payout ratio is presently 41.85%.

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Several research analysts have weighed in on the stock. Jefferies Group restated a “hold” rating and set a $68.00 target price (down from $69.00) on shares of Marsh & McLennan Cos. in a research report on Friday, October 28th. BMO Capital Markets restated a “market perform” rating and set a $74.00 target price (up from $73.00) on shares of Marsh & McLennan Cos. in a research report on Wednesday, August 3rd. Sandler O’Neill upgraded shares of Marsh & McLennan Cos. from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Zacks Investment Research upgraded shares of Marsh & McLennan Cos. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, October 3rd. Finally, Citigroup Inc. lowered their target price on shares of Marsh & McLennan Cos. from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.25.

In related news, Chairman Peter Zaffino sold 109,279 shares of Marsh & McLennan Cos. stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $65.08, for a total value of $7,111,877.32. Following the sale, the chairman now directly owns 203,352 shares in the company, valued at approximately $13,234,148.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert J. Rapport sold 10,000 shares of Marsh & McLennan Cos. stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $69.00, for a total transaction of $690,000.00. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by corporate insiders.

Marsh & McLennan Cos. 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 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.

5 Day Chart for NYSE:MMC

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