Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.9% during the second quarter, Holdings Channel reports. The fund owned 78,476 shares of the financial services provider’s stock after selling 16,000 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $6,118,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Carroll Financial Associates Inc. boosted its position in Marsh & McLennan Companies by 21.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock worth $101,000 after buying an additional 233 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after buying an additional 135 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of 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 in the last quarter. Ledyard National Bank boosted its position in shares of Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,310 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in shares of 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 valued at $125,000 after buying an additional 85 shares in the last quarter. 85.68% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 77.08 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $81.00. The stock has a market capitalization of $39.51 billion, a P/E ratio of 21.30 and a beta of 0.98. The stock has a 50 day moving average of $78.48 and a 200 day moving average of $75.03.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be given a $0.375 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, July 7th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.95%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.44%.

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MMC has been the topic of a number of analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price target (up from $74.00) on shares of Marsh & McLennan Companies in a research note on Friday, April 28th. Deutsche Bank AG lifted their price target on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, May 16th. The shares were 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 SEC, which is accessible through this link. Company insiders own 1.46% of the company’s stock.

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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