Rothschild Asset Management Inc. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,516 shares of the financial services provider’s stock after selling 43 shares during the period. Rothschild Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $508,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in 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 valued at $2,767,683,000 after buying an additional 36,339,736 shares during the last quarter. Pioneer Investment Management Inc. acquired a new position in Marsh & McLennan Companies during the first quarter valued at $222,051,000. Vanguard Group Inc. increased its position in 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 valued at $2,516,739,000 after buying an additional 1,105,074 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Marsh & McLennan Companies during the first quarter valued at $60,210,000. Finally, Marshall Wace North America L.P. acquired a new position in Marsh & McLennan Companies during the first quarter valued at $60,210,000. 85.68% of the stock is owned by institutional investors.

Marsh & McLennan Companies, Inc. (MMC) opened at 77.02 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $81.00. The stock’s 50 day moving average price is $78.43 and its 200-day moving average price is $75.10. The company has a market capitalization of $39.47 billion, a P/E ratio of 21.28 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 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. 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. Investors 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 a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, July 7th. Marsh & McLennan Companies’s payout ratio is presently 41.44%.

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Several research analysts have weighed in on MMC shares. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Tuesday, June 27th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 9th. Deutsche Bank AG upped their price target on Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Citigroup Inc. upped their price target on Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company 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 business’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 transaction of $13,644,099.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is currently 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.

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

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