Marsh & McLennan Companies, Inc. $MMC Stock Position Lifted by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,341 shares of the financial services provider's stock after acquiring an additional 6,580 shares during the quarter. Blair William & Co. IL's holdings in Marsh & McLennan Companies were worth $11,225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. TFR Capital LLC. lifted its stake in Marsh & McLennan Companies by 2.7% in the second quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 48 shares during the last quarter. McElhenny Sheffield Capital Management LLC lifted its stake in Marsh & McLennan Companies by 40.7% in the second quarter. McElhenny Sheffield Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $633,000 after acquiring an additional 838 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Marsh & McLennan Companies by 4.0% in the second quarter. Maryland State Retirement & Pension System now owns 23,988 shares of the financial services provider's stock valued at $5,245,000 after acquiring an additional 932 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $255,000. Finally, Ignite Planners LLC lifted its stake in Marsh & McLennan Companies by 3.5% in the second quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 49 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $207.12 on Friday. The stock has a market cap of $101.82 billion, a P/E ratio of 24.83, a PEG ratio of 2.60 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00. The company has a fifty day moving average price of $203.29 and a 200 day moving average price of $215.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's payout ratio is 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares of the company's stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $248.00 to $242.00 in a research note on Thursday. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, July 21st. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, UBS Group reduced their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a "buy" rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $237.13.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.