Bank of New York Mellon Corp increased its stake in shares of Marsh & McLennan Cos. (NYSE:MMC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,767,054 shares of the company’s stock after buying an additional 79,273 shares during the period. Bank of New York Mellon Corp’s holdings in Marsh & McLennan Cos. were worth $320,584,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC increased its position in shares of Marsh & McLennan Cos. by 21.0% in the third quarter. Seven Bridges Advisors LLC now owns 1,524 shares of the company’s stock valued at $102,000 after buying an additional 264 shares during the last quarter. Washington Trust Bank increased its position in shares of Marsh & McLennan Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,695 shares of the company’s stock valued at $114,000 after buying an additional 10 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Marsh & McLennan Cos. during the first quarter valued at approximately $121,000. Financial Architects Inc increased its position in shares of Marsh & McLennan Cos. by 326.2% in the second quarter. Financial Architects Inc now owns 2,144 shares of the company’s stock valued at $146,000 after buying an additional 1,641 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of Marsh & McLennan Cos. by 10.7% in the second quarter. Integrated Investment Consultants LLC now owns 2,356 shares of the company’s stock valued at $161,000 after buying an additional 228 shares during the last quarter. 83.93% of the stock is owned by institutional investors and hedge funds.

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

Marsh & McLennan Cos. (NYSE:MMC) opened at 68.91 on Tuesday. The stock’s 50 day moving average price is $66.05 and its 200-day moving average price is $66.43. Marsh & McLennan Cos. has a 1-year low of $50.81 and a 1-year high of $69.77. The company has a market cap of $35.53 billion, a PE ratio of 21.20 and a beta of 0.85.

Marsh & McLennan Cos. (NYSE:MMC) last released its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. Marsh & McLennan Cos. had a net margin of 12.95% and a return on equity of 25.27%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company posted $0.63 EPS. The business’s revenue was up .6% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Cos. will post $3.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 11th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, October 6th. Marsh & McLennan Cos.’s dividend payout ratio (DPR) is 41.85%.

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Several equities analysts have recently commented on MMC shares. BMO Capital Markets upgraded Marsh & McLennan Cos. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $76.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded Marsh & McLennan Cos. from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Credit Suisse Group AG set a $55.00 price objective on Marsh & McLennan Cos. and gave the company a “hold” rating in a research report on Monday, September 12th. Barclays PLC restated a “buy” rating and issued a $77.00 price objective on shares of Marsh & McLennan Cos. in a research report on Friday, September 30th. Finally, Citigroup Inc. lowered their price objective on Marsh & McLennan Cos. from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Marsh & McLennan Cos. presently has an average rating of “Buy” and an average price target of $69.25.

In other Marsh & McLennan Cos. news, SVP Robert J. Rapport sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $69.00, for a total value of $690,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Peter Zaffino sold 109,279 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $65.08, for a total transaction of $7,111,877.32. Following the completion of the transaction, the chairman now directly owns 203,352 shares in the company, valued at $13,234,148.16. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by company insiders.

About Marsh & McLennan Cos.

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 specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

5 Day Chart for NYSE:MMC

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