Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,793 shares of the financial services provider’s stock after selling 216 shares during the period. Tredje AP fonden’s holdings in Marsh & McLennan Companies were worth $5,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. BlackRock Inc. increased its position in Marsh & McLennan Companies by 3,253.2% during the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock worth $2,767,683,000 after purchasing an additional 36,339,736 shares during the last quarter. Pioneer Investment Management Inc. acquired a new stake in Marsh & McLennan Companies during the first quarter worth about $222,051,000. USS Investment Management Ltd increased its position in Marsh & McLennan Companies by 401.0% during the second quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock worth $155,251,000 after purchasing an additional 1,594,047 shares during the last quarter. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 3.4% during the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after purchasing an additional 1,105,074 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Marsh & McLennan Companies during the first quarter valued at about $60,210,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

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In other news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the transaction, the senior vice president now directly owns 68,427 shares in the company, valued at approximately $5,290,091.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies, Inc. (MMC) opened at 82.72 on Friday. The stock has a market cap of $42.40 billion, a P/E ratio of 22.86 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $82.86. The company has a 50-day moving average of $78.64 and a 200-day moving average of $76.59.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post $3.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.44%.

MMC has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, June 27th. Finally, Citigroup Inc. lifted their price target on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $81.56.

Marsh & McLennan Companies 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.

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

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