Fmr LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,692,957 shares of the financial services provider’s stock after selling 1,158,736 shares during the period. Fmr LLC owned about 2.09% of Marsh & McLennan Companies worth $833,623,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MMC. BlackRock Inc. increased its holdings in Marsh & McLennan Companies by 3,253.2% during the 1st quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock valued at $2,767,683,000 after purchasing an additional 36,339,736 shares during the period. USS Investment Management Ltd increased its holdings in Marsh & McLennan Companies by 401.0% during the 2nd quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock valued at $155,251,000 after purchasing an additional 1,594,047 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Marsh & McLennan Companies by 30.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,468,245 shares of the financial services provider’s stock valued at $504,264,000 after purchasing an additional 1,510,060 shares during the period. Vanguard Group Inc. increased its holdings in Marsh & McLennan Companies by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock valued at $2,516,739,000 after purchasing an additional 1,105,074 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at about $60,210,000. Institutional investors own 84.82% of the company’s stock.

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A number of brokerages recently issued reports on MMC. BidaskClub downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, August 18th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 target price on shares of Marsh & McLennan Companies in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Marsh & McLennan Companies currently has a consensus rating of “Buy” and an average target price of $81.56.

In related news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies, Inc. (MMC) opened at 82.72 on Friday. The company has a market capitalization of $42.40 billion, a PE ratio of 22.86 and a beta of 0.98. The company has a 50-day moving average price of $78.64 and a 200 day moving average price of $76.59. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $82.86.

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 (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company 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%. Marsh & McLennan Companies’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s payout ratio is 41.44%.

Marsh & McLennan Companies 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.

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

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