Marsh & McLennan Companies, Inc. (NYSE:MMC) The position was increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 7.7% during the second quarter, HoldingsChannel.com reports. The firm owned 584,445 shares of the financial services provider’s stock after buying an additional 41,637 shares during the quarter. The holdings of Epoch Investment Partners Inc. in Marsh & McLennan Companies were worth $123,154,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MMC. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies in the first quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $27,000. Crewe Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in Marsh & McLennan Companies in the first quarter valued at $35,000. Finally, Clear Investment Research LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 87.99% of the company’s shares.

Indoor activity

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Company stock in a transaction 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 directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the 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 sale, 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. Over the last ninety days, insiders have sold 21,735 shares of company stock worth $4,897,317. Company insiders own 0.30% of the company’s shares.

Marsh & McLennan stocks fell 0.5%

NYSE MMC opened at $223.55 on Friday. The firm has a 50-day simple moving average of $223.30 and a 200-day simple moving average of $212.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17, and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The stock has a market cap of $110.15 billion, a PE ratio of 28.37, a PEG ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC – Get Free Report ) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion during 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%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. In the same period last year, the company earned $2.20 per share. On average, research analysts estimate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Changes in Analyst Ratings

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

See the latest stock analysis on MMC

About Marsh & McLennan Companies

(Free Report)

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions to clients in the areas of risk, strategy and people worldwide. It operates through the risk and insurance services and consulting segments. The Risk and Insurance Services segment provides risk management services such as risk advisory, risk transfer and risk control and mitigation solutions, as well as insurance and reinsurance brokerage, strategic advisory services and analytics solutions, as well as insurance program management services.

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Want to see what other hedge funds own MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report).

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