Braun Stacey Associates Inc. decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,779 shares of the financial services provider’s stock after selling 3,755 shares during the period. Braun Stacey Associates Inc.’s holdings in Marsh & McLennan Companies were worth $3,569,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MMC. Chevy Chase Trust Holdings Inc. raised its stake in Marsh & McLennan Companies by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 445,376 shares of the financial services provider’s stock valued at $32,908,000 after buying an additional 13,599 shares during the last quarter. CENTRAL TRUST Co raised its stake in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock valued at $111,000 after buying an additional 102 shares during the last quarter. Fulton Bank N.A. purchased a new stake in Marsh & McLennan Companies during the first quarter valued at $201,000. Raymond James Trust N.A. raised its stake in Marsh & McLennan Companies by 0.7% in the first quarter. Raymond James Trust N.A. now owns 4,954 shares of the financial services provider’s stock valued at $366,000 after buying an additional 32 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Marsh & McLennan Companies by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 162,087 shares of the financial services provider’s stock valued at $11,976,000 after buying an additional 2,080 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 78.18 on Friday. The company has a 50 day moving average of $78.84 and a 200-day moving average of $74.68. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $81.00. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 21.60 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 11th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.92%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.44%.

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Several analysts have recently weighed in on MMC shares. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price objective (up previously from $74.00) on shares of Marsh & McLennan Companies in a report on Friday, April 28th. Deutsche Bank AG raised their price objective on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $81.56.

In related news, SVP Laurie Ledford sold 184,305 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $74.03, for a total transaction of $13,644,099.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

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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