Rhumbline Advisers boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935,901 shares of the financial services provider’s stock after buying an additional 6,449 shares during the period. Rhumbline Advisers’ holdings in Marsh & McLennan Companies were worth $72,963,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. CENTRAL TRUST Co raised its position 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 worth $111,000 after buying an additional 102 shares in the last quarter. Fulton Bank N.A. purchased a new position in Marsh & McLennan Companies during the first quarter worth $201,000. Raymond James Trust N.A. raised its position 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 worth $366,000 after buying an additional 32 shares in the last quarter. Quadrant Capital Group LLC raised its position in Marsh & McLennan Companies by 3.1% in the first quarter. Quadrant Capital Group LLC now owns 2,624 shares of the financial services provider’s stock worth $188,000 after buying an additional 79 shares in the last quarter. Finally, Pennsylvania Trust Co raised its position in Marsh & McLennan Companies by 2.8% in the first quarter. Pennsylvania Trust Co now owns 10,975 shares of the financial services provider’s stock worth $811,000 after buying an additional 300 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 12-month low of $62.33 and a 12-month high of $81.00. The stock’s 50 day moving average is $78.48 and its 200 day moving average is $75.03. The company has a market cap of $39.51 billion, a P/E ratio of 21.30 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results 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. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The business also recently announced 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 dividend yield of 1.95%. The ex-dividend date is Friday, July 7th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s payout ratio is presently 41.44%.

COPYRIGHT VIOLATION WARNING: “Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Rhumbline Advisers” was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/11/marsh-mclennan-companies-inc-nysemmc-shares-bought-by-rhumbline-advisers.html.

MMC has been the subject of a number of research analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, April 27th. Jefferies Group LLC reissued a “hold” rating and set a $80.00 target price (up previously from $74.00) on shares of Marsh & McLennan Companies in a research report on Friday, April 28th. Deutsche Bank AG boosted their target price on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research report 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. Marsh & McLennan Companies presently has an average rating of “Buy” and an average target price of $81.56.

In related news, SVP Laurie Ledford sold 184,305 shares of the business’s stock in a transaction 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 filing with the SEC, which is available at this hyperlink. 1.46% of the stock is owned by 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.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

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

Receive News & Ratings for Marsh & McLennan Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.