Epoch Investment Partners Inc. trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 260,409 shares of the financial services provider’s stock after selling 50,203 shares during the period. Epoch Investment Partners Inc.’s holdings in Marsh & McLennan Companies were worth $21,541,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Marsh & McLennan Companies by 33.6% in the 3rd quarter. FMR LLC now owns 7,809,104 shares of the financial services provider’s stock worth $645,969,000 after purchasing an additional 1,962,468 shares during the last quarter. BlackRock Inc. lifted its holdings in Marsh & McLennan Companies by 2.8% in the 3rd quarter. BlackRock Inc. now owns 39,673,471 shares of the financial services provider’s stock worth $3,281,788,000 after purchasing an additional 1,073,174 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Marsh & McLennan Companies by 13.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock worth $640,917,000 after purchasing an additional 945,494 shares during the last quarter. American Century Companies Inc. lifted its holdings in Marsh & McLennan Companies by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 3,414,739 shares of the financial services provider’s stock worth $279,906,000 after purchasing an additional 592,490 shares during the last quarter. Finally, Tesco Pension Investment Ltd lifted its holdings in Marsh & McLennan Companies by 98.6% in the 2nd quarter. Tesco Pension Investment Ltd now owns 1,099,502 shares of the financial services provider’s stock worth $90,126,000 after purchasing an additional 545,839 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Shares of NYSE MMC opened at $84.77 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $43.71 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.79. Marsh & McLennan Companies, Inc. has a 12 month low of $77.11 and a 12 month high of $89.59.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th were given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio is currently 42.35%.

Several equities research analysts recently weighed in on MMC shares. Citigroup reduced their target price 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. Raymond James lowered Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Wells Fargo & Co restated a “sell” rating on shares of Marsh & McLennan Companies in a report on Monday, October 8th. Finally, Credit Suisse Group set a $91.00 target price on Marsh & McLennan Companies and gave the stock a “hold” rating in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $93.40.

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Marsh & McLennan Companies Profile

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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