Schwab Charles Investment Management Inc. raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,684,189 shares of the financial services provider’s stock after acquiring an additional 33,783 shares during the period. Schwab Charles Investment Management Inc. owned about 0.33% of Marsh & McLennan Companies worth $141,152,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MMC. Great Lakes Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Great Lakes Advisors LLC now owns 8,677 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 217 shares during the last quarter. PICTET BANK & TRUST Ltd bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $1,454,000. Whittier Trust Co. grew its holdings in shares of Marsh & McLennan Companies by 17.7% during the third quarter. Whittier Trust Co. now owns 10,655 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 1,600 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $4,338,000. Finally, Rothschild Investment Corp IL bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $1,713,000. Hedge funds and other institutional investors own 86.00% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down $0.02 during trading on Thursday, hitting $83.60. The company had a trading volume of 1,221,200 shares, compared to its average volume of 1,763,505. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $42,676.04, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.78 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a one year low of $66.75 and a one year high of $84.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.31 billion. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.10%.

Several analysts have recently weighed in on MMC shares. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. 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. BidaskClub cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.39.

In related news, Director Marc D. Oken acquired 1,235 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $80.89 per share, with a total value of $99,899.15. Following the completion of the purchase, the director now directly owns 40,120 shares in the company, valued at $3,245,306.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is owned by insiders.

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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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