Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the third quarter, HoldingsChannel.com reports. The fund owned 9,657,461 shares of the financial services provider’s stock after selling 102,825 shares during the period. Primecap Management Co. CA’s holdings in Marsh & McLennan Companies were worth $798,865,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its holdings in Marsh & McLennan Companies by 1.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 55,371 shares of the financial services provider’s stock worth $4,580,000 after purchasing an additional 617 shares in the last quarter. Daiwa SB Investments Ltd. raised its holdings in Marsh & McLennan Companies by 9.1% in the third quarter. Daiwa SB Investments Ltd. now owns 7,670 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 640 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Marsh & McLennan Companies by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 121,295 shares of the financial services provider’s stock worth $10,034,000 after purchasing an additional 663 shares in the last quarter. CIBC World Markets Inc. raised its holdings in Marsh & McLennan Companies by 6.4% in the third quarter. CIBC World Markets Inc. now owns 11,327 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 678 shares in the last quarter. Finally, Mission Wealth Management LP raised its holdings in Marsh & McLennan Companies by 18.4% in the third quarter. Mission Wealth Management LP now owns 4,379 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 680 shares in the last quarter. 86.72% of the stock is owned by institutional investors.

Shares of NYSE:MMC opened at $88.70 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $77.11 and a 1-year high of $89.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.73. The firm has a market cap of $43.91 billion, a PE ratio of 22.63, a P/E/G ratio of 1.52 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.45 billion. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 4.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, October 10th. This represents a $1.66 annualized dividend and a dividend yield of 1.87%. Marsh & McLennan Companies’s payout ratio is presently 42.35%.

A number of equities analysts have issued reports on the company. Citigroup reduced their price target on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 20th. Morgan Stanley raised their price target on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, November 14th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Credit Suisse Group set a $91.00 price target on Marsh & McLennan Companies and gave the company a “hold” rating in a report on Tuesday, October 9th. Finally, Raymond James downgraded Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $92.91.

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Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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

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