REDW Stanley Financial Advisors LLC held its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,190 shares of the financial services provider’s stock at the end of the second quarter. REDW Stanley Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MMC. Retirement Systems of Alabama increased its stake in Marsh & McLennan Companies by 0.4% in the second quarter. Retirement Systems of Alabama now owns 249,863 shares of the financial services provider’s stock worth $19,479,000 after buying an additional 918 shares during the last quarter. IFP Advisors Inc increased its stake in Marsh & McLennan Companies by 0.3% in the second quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock worth $435,000 after buying an additional 18 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in Marsh & McLennan Companies by 1.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 49,881 shares of the financial services provider’s stock worth $3,889,000 after buying an additional 933 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in Marsh & McLennan Companies by 0.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,631,531 shares of the financial services provider’s stock worth $205,154,000 after buying an additional 9,595 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after buying an additional 85 shares during the last quarter. Institutional investors own 85.68% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 78.18 on Monday. The stock’s 50 day moving average price is $78.84 and its 200 day moving average price is $74.68. The stock has a market capitalization of $40.07 billion, a PE ratio of 21.60 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 1-year low of $62.33 and a 1-year high of $81.00.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.92%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.44%.

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A number of analysts recently weighed in on the company. BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Marsh & McLennan Companies in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total value of $13,644,099.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is owned by company 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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