CHURCHILL MANAGEMENT Corp Sells 379 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

CHURCHILL MANAGEMENT Corp lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,294 shares of the financial services provider’s stock after selling 379 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Marsh & McLennan Companies were worth $1,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. Tompkins Financial Corp increased its position in Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock worth $107,000 after buying an additional 135 shares during the period. CENTRAL TRUST Co increased its position in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock worth $111,000 after buying an additional 102 shares during the period. Ledyard National Bank increased its position in Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,310 shares during the period. Orrstown Financial Services Inc. increased its position in shares of Marsh & McLennan Companies by 26.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,615 shares of the financial services provider’s stock worth $120,000 after buying an additional 340 shares during the last quarter. Finally, CWM LLC increased its position in shares of Marsh & McLennan Companies by 2,695.2% in the first quarter. CWM LLC now owns 1,761 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,698 shares during the last quarter. 85.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 0.72% during mid-day trading on Tuesday, reaching $77.44. 1,439,618 shares of the company’s stock traded hands. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 21.40 and a beta of 0.98. The firm’s 50-day moving average is $78.75 and its 200 day moving average is $74.76. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 11th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, July 7th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 annualized dividend and a yield of 1.94%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

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A number of research analysts have recently issued reports on MMC shares. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Marsh & McLennan Companies in a research report on Friday, April 28th. Deutsche Bank AG lifted their price objective on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $81.56.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 184,305 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.46% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

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.

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

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