Prudential Financial Inc. lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,139 shares of the financial services provider’s stock after selling 6,590 shares during the quarter. Prudential Financial Inc.’s holdings in Marsh & McLennan Companies were worth $45,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MMC. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $100,000. SRS Capital Advisors Inc. grew its position in shares of Marsh & McLennan Companies by 3,497.1% during the second quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,189 shares in the last quarter. Kaizen Advisory LLC grew its position in shares of Marsh & McLennan Companies by 152.0% during the second quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock worth $102,000 after buying an additional 751 shares in the last quarter. Sun Life Financial INC grew its position in shares of Marsh & McLennan Companies by 619.9% during the second quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock worth $113,000 after buying an additional 1,184 shares in the last quarter. Finally, DeDora Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $212,000. 86.72% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies stock opened at $88.84 on Tuesday. The firm has a market capitalization of $44.33 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth 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 12 month low of $77.11 and a 12 month high of $89.30.

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

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

A number of analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, August 7th. They set a “neutral” rating and a $86.00 price target for the company. UBS Group decreased their price objective on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, October 15th. Bank of America downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $94.00 to $93.00 in a report on Thursday, July 26th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 27th. 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.91.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 123,843 shares in the company, valued at $10,482,071.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.16% of the company’s stock.

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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.

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

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