OVERSEA CHINESE BANKING Corp Ltd Sells 2,140 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 47.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,323 shares of the financial services provider's stock after selling 2,140 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Marsh & McLennan Companies were worth $567,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after buying an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $37,178,000. Proficio Capital Partners LLC boosted its stake in shares of Marsh & McLennan Companies by 40.1% in the fourth quarter. Proficio Capital Partners LLC now owns 3,244 shares of the financial services provider's stock valued at $689,000 after purchasing an additional 928 shares during the period. PDS Planning Inc boosted its stake in shares of Marsh & McLennan Companies by 15.4% in the fourth quarter. PDS Planning Inc now owns 2,987 shares of the financial services provider's stock valued at $635,000 after purchasing an additional 399 shares during the period. Finally, Horizon Investments LLC raised its holdings in Marsh & McLennan Companies by 2.3% in the fourth quarter. Horizon Investments LLC now owns 11,569 shares of the financial services provider's stock valued at $2,448,000 after acquiring an additional 255 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research reports. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $228.00 to $229.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Barclays reduced their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $240.50.

Marsh & McLennan Companies Trading Down 0.1%

Shares of MMC stock traded down $0.20 during mid-day trading on Thursday, reaching $211.78. 2,002,218 shares of the stock traded hands, compared to its average volume of 1,993,426. The stock's fifty day simple moving average is $221.80 and its two-hundred day simple moving average is $224.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. The company has a market cap of $104.35 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued 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 return on equity of 32.19% and a net margin of 16.13%. The company's revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be paid a dividend of $0.90 per share. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 annualized dividend and a dividend yield of 1.70%. Marsh & McLennan Companies's dividend payout ratio is presently 44.12%.

Marsh & McLennan Companies Profile

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.