Walter & Keenan Financial Consulting Co. MI ADV continued to hold its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, Holdings Channel reports. The firm owned 3,200 shares of the financial services provider’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Marsh & McLennan Companies were worth $249,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Marsh & McLennan Companies by 3,253.2% in the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock worth $2,767,683,000 after buying an additional 36,339,736 shares during the last quarter. Pioneer Investment Management Inc. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $222,051,000. Vanguard Group Inc. raised its stake in shares of Marsh & McLennan Companies by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after buying an additional 1,105,074 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $60,210,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $60,210,000. Institutional investors and hedge funds own 85.68% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 77.08 on Friday. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of 21.30 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $81.00. The company’s 50-day moving average is $78.48 and its 200-day moving average is $75.03.

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 analysts’ consensus estimates of $1.00. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.95%. This is an increase 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 41.44%.

TRADEMARK VIOLATION NOTICE: “Walter & Keenan Financial Consulting Co. MI ADV Continues to Hold Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/11/walter-keenan-financial-consulting-co-mi-adv-continues-to-hold-position-in-marsh-mclennan-companies-inc-nysemmc.html.

A number of brokerages have recently weighed in on MMC. Royal Bank Of Canada restated a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating on shares of Marsh & McLennan Companies in a report on Friday, June 16th. Morgan Stanley restated an “equal weight” rating and issued a $80.00 price objective (up from $73.00) on shares of Marsh & McLennan Companies in a report on Friday, July 7th. BidaskClub lowered shares of Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Tuesday, June 27th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Marsh & McLennan Companies has a consensus rating of “Buy” and an average target price of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, May 16th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Company Profile

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.