Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 584,445 shares of the financial services provider’s stock after acquiring an additional 41,637 shares during the period. Epoch Investment Partners Inc. owned 0.12% of Marsh & McLennan Companies worth $123,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MMC. Mount Yale Investment Advisors LLC raised its position in shares of Marsh & McLennan Companies by 332.1% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 4,757 shares of the financial services provider’s stock valued at $1,002,000 after buying an additional 3,656 shares during the period. Frank Rimerman Advisors LLC lifted its position in Marsh & McLennan Companies by 11,675.9% in the second quarter. Frank Rimerman Advisors LLC now owns 3,415 shares of the financial services provider’s stock valued at $720,000 after buying an additional 3,386 shares during the last quarter. ProShare Advisors LLC boosted its stake in Marsh & McLennan Companies by 4.9% during the second quarter. ProShare Advisors LLC now owns 100,846 shares of the financial services provider’s stock worth $21,250,000 after buying an additional 4,735 shares during the period. Legacy Financial Advisors Inc. raised its stake in shares of Marsh & McLennan Companies by 2.3% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 49 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in Marsh & McLennan Companies by 23.0% during the second quarter. Summit Trail Advisors LLC now owns 5,504 shares of the financial services provider’s stock worth $1,160,000 after purchasing an additional 1,030 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the topic of several research reports. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada upped their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, Roth Mkm raised their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $215.53.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of MMC stock opened at $223.55 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average is $223.30 and its two-hundred day moving average is $212.37. The company has a market capitalization of $110.15 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. In the last three months, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.