Stewart & Patten Co. LLC held its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,200 shares of the financial services provider’s stock at the end of the first quarter. Stewart & Patten Co. LLC’s holdings in Marsh & McLennan Companies were worth $606,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hartford Investment Management Co. increased its stake in Marsh & McLennan Companies by 7.4% in the third quarter. Hartford Investment Management Co. now owns 176,178 shares of the financial services provider’s stock worth $11,848,000 after buying an additional 12,100 shares during the period. Great West Life Assurance Co. Can increased its stake in Marsh & McLennan Companies by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 468,777 shares of the financial services provider’s stock worth $31,493,000 after buying an additional 6,359 shares during the period. Aviva PLC increased its stake in Marsh & McLennan Companies by 5.7% in the fourth quarter. Aviva PLC now owns 339,777 shares of the financial services provider’s stock worth $22,969,000 after buying an additional 18,340 shares during the period. Brown Advisory Inc. increased its stake in Marsh & McLennan Companies by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 159,000 shares of the financial services provider’s stock worth $10,746,000 after buying an additional 5,095 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake in Marsh & McLennan Companies by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,031 shares of the financial services provider’s stock worth $749,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 84.44% of the company’s stock.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 1.83% during midday trading on Friday, hitting $71.95. 2,387,548 shares of the stock traded hands. The company has a market cap of $37.05 billion, a price-to-earnings ratio of 21.29 and a beta of 0.89. The stock has a 50-day moving average of $73.79 and a 200-day moving average of $69.59. Marsh & McLennan Companies, Inc. has a 52-week low of $60.04 and a 52-week high of $75.52.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, February 2nd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business earned $3.40 billion during the quarter, compared to the consensus estimate of $3.46 billion. Marsh & McLennan Companies had a net margin of 13.38% and a return on equity of 26.99%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post $3.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.86%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.24%.

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MMC has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Credit Suisse Group AG set a $74.00 price objective on shares of Marsh & McLennan Companies and gave the company a “hold” rating in a research report on Saturday, March 25th. Royal Bank of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of Marsh & McLennan Companies in a research report on Thursday, February 2nd. Finally, Bank of America Corp raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, January 27th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Marsh & McLennan Companies currently has an average rating of “Buy” and an average target price of $73.29.

In other news, Chairman Peter Zaffino sold 117,577 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $70.24, for a total transaction of $8,258,608.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert J. Rapport sold 7,011 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $73.88, for a total transaction of $517,972.68. Following the sale, the senior vice president now owns 27,794 shares of the company’s stock, valued at approximately $2,053,420.72. The disclosure for this sale can be found here. Insiders have sold a total of 821,726 shares of company stock valued at $59,930,138 in the last 90 days. Insiders own 1.51% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.

5 Day Chart for NYSE:MMC

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