Bessemer Group Inc. lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 84.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,762 shares of the financial services provider’s stock after selling 67,027 shares during the quarter. Bessemer Group Inc.’s holdings in Marsh & McLennan Companies were worth $1,056,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its position in shares of Marsh & McLennan Companies by 0.4% during the second quarter. Macquarie Group Ltd. now owns 7,869,959 shares of the financial services provider’s stock worth $645,100,000 after purchasing an additional 28,659 shares in the last quarter. Northern Trust Corp grew its position in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Northern Trust Corp now owns 6,669,122 shares of the financial services provider’s stock worth $546,668,000 after purchasing an additional 106,883 shares in the last quarter. Bank of America Corp DE grew its position in shares of Marsh & McLennan Companies by 6.3% during the second quarter. Bank of America Corp DE now owns 6,380,730 shares of the financial services provider’s stock worth $523,029,000 after purchasing an additional 375,965 shares in the last quarter. American Century Companies Inc. grew its holdings in Marsh & McLennan Companies by 21.0% during the 2nd quarter. American Century Companies Inc. now owns 3,414,739 shares of the financial services provider’s stock valued at $279,906,000 after buying an additional 592,490 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its holdings in Marsh & McLennan Companies by 2.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 2,878,992 shares of the financial services provider’s stock valued at $235,964,000 after buying an additional 68,524 shares in the last quarter. Hedge funds and other institutional investors own 86.72% of the company’s stock.

Several equities analysts have weighed in on MMC shares. Citigroup cut their price target on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 20th. Morgan Stanley raised their price target on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, November 14th. Jefferies Financial Group restated a “hold” rating and set a $90.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, Credit Suisse Group set a $91.00 price target on Marsh & McLennan Companies and gave the company a “hold” rating in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $92.91.

In other news, SVP E Scott Gilbert sold 80,646 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total value of $6,825,877.44. Following the completion of the sale, the senior vice president now directly owns 123,843 shares of the company’s stock, valued at approximately $10,482,071.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is owned by company insiders.

NYSE MMC opened at $88.84 on Tuesday. The company has a market cap of $44.33 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 1.26. Marsh & McLennan Companies, Inc. has a 1-year low of $77.11 and a 1-year high of $89.30.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, October 10th. Marsh & McLennan Companies’s payout ratio is 42.35%.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Further Reading: Fiduciary

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

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