Hutchinson Capital Management CA continued to hold its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,292 shares of the financial services provider’s stock at the end of the second quarter. Hutchinson Capital Management CA’s holdings in Marsh & McLennan Companies were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. CENTRAL TRUST Co boosted 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 worth $111,000 after buying an additional 102 shares in the last quarter. Raymond James Trust N.A. boosted 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 worth $366,000 after buying an additional 32 shares in the last quarter. Bank of Montreal Can boosted its stake in Marsh & McLennan Companies by 4.3% in the first quarter. Bank of Montreal Can now owns 695,627 shares of the financial services provider’s stock worth $51,400,000 after buying an additional 28,451 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Marsh & McLennan Companies by 5.0% in the first quarter. Capstone Asset Management Co. now owns 48,231 shares of the financial services provider’s stock worth $3,564,000 after buying an additional 2,310 shares in the last quarter. Finally, Parametrica Management Ltd bought a new stake in Marsh & McLennan Companies during the first quarter worth about $318,000. Institutional investors own 85.68% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE MMC) traded down 0.08% during trading on Friday, reaching $77.02. 882,325 shares of the company’s stock traded hands. The company’s 50 day moving average is $78.43 and its 200-day moving average is $75.10. 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 cap of $39.47 billion, a price-to-earnings ratio of 21.28 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last announced 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. 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 period in the prior year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts anticipate 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 issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis 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 is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

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A number of analysts have recently issued reports on MMC shares. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Marsh & McLennan Companies in a research note on Friday, April 28th. Deutsche Bank AG lifted their price objective 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 issued a $75.00 price objective 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently 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 firm’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 value of $13,644,099.15. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.46% of the company’s stock.

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.

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

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