KBC Group NV reduced its stake in Marsh & McLennan Cos. (NYSE:MMC) by 12.4% during the third quarter, Holdings Channel reports. The firm owned 100,718 shares of the company’s stock after selling 14,231 shares during the period. KBC Group NV’s holdings in Marsh & McLennan Cos. were worth $6,774,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MMC. FMR LLC boosted its stake in shares of Marsh & McLennan Cos. by 30.2% in the second quarter. FMR LLC now owns 16,680,076 shares of the company’s stock valued at $1,141,918,000 after buying an additional 3,868,048 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Marsh & McLennan Cos. by 70.3% in the second quarter. BlackRock Advisors LLC now owns 2,663,583 shares of the company’s stock valued at $182,349,000 after buying an additional 1,099,274 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Marsh & McLennan Cos. during the second quarter valued at about $57,740,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Marsh & McLennan Cos. by 322.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,030,763 shares of the company’s stock valued at $70,566,000 after buying an additional 786,774 shares during the period. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Marsh & McLennan Cos. by 46.7% in the second quarter. Mawer Investment Management Ltd. now owns 2,361,057 shares of the company’s stock valued at $161,638,000 after buying an additional 752,079 shares during the period. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Marsh & McLennan Cos. (NYSE:MMC) traded up 0.83% during trading on Wednesday, reaching $69.55. 1,618,389 shares of the company were exchanged. The firm has a 50-day moving average price of $66.05 and a 200-day moving average price of $66.43. The stock has a market capitalization of $35.86 billion, a P/E ratio of 21.39 and a beta of 0.85. Marsh & McLennan Cos. has a 1-year low of $50.81 and a 1-year high of $69.77.

Marsh & McLennan Cos. (NYSE:MMC) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The business earned $3.14 billion during 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%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Equities research analysts predict that Marsh & McLennan Cos. will post $3.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 11th were given a $0.34 dividend. The ex-dividend date 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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MMC has been the topic of several analyst reports. Zacks Investment Research cut Marsh & McLennan Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Citigroup Inc. dropped their target price on Marsh & McLennan Cos. from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, October 11th. Sandler O’Neill upgraded Marsh & McLennan Cos. from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. BMO Capital Markets upgraded Marsh & McLennan Cos. from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $75.00 to $76.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG set a $55.00 target price on Marsh & McLennan Cos. and gave the company a “hold” rating in a research report on Monday, September 12th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.25.

In other news, Chairman Peter Zaffino sold 109,279 shares of Marsh & McLennan Cos. stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $65.08, for a total transaction of $7,111,877.32. Following the completion of the sale, the chairman now directly owns 203,352 shares of the company’s stock, valued at approximately $13,234,148.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert J. Rapport sold 10,000 shares of Marsh & McLennan Cos. stock in a transaction on Monday, November 21st. The stock was 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. Insiders own 1.51% of the company’s stock.

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.

5 Day Chart for NYSE:MMC

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