Marsh & McLennan Cos. (NYSE:MMC) announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Tuesday, October 11th will be paid a dividend of 0.34 per share on Tuesday, November 15th. This represents a $1.36 annualized dividend and a yield of 2.04%.

Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $73.00 target price (down from $77.00) on shares of Marsh & McLennan Cos. in a report on Tuesday, July 12th. Barclays PLC reaffirmed an “overweight” rating and set a $71.00 target price on shares of Marsh & McLennan Cos. in a report on Tuesday, June 21st. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Cos. from $69.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Deutsche Bank AG upped their target price on Marsh & McLennan Cos. from $67.00 to $71.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Zacks Investment Research lowered Marsh & McLennan Cos. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Marsh & McLennan Cos. currently has an average rating of “Buy” and an average target price of $66.64.

In related news, Chairman Alexander S. Moczarski sold 22,230 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $67.41, for a total value of $1,498,524.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.51% of the stock is currently owned by corporate insiders.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Marsh & McLennan Cos. by 30.2% in the second quarter. FMR LLC now owns 16,680,076 shares of the company’s stock worth $1,141,918,000 after buying an additional 3,868,048 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Marsh & McLennan Cos. by 31.2% in the second quarter. TIAA CREF Investment Management LLC now owns 3,140,128 shares of the company’s stock worth $214,973,000 after buying an additional 746,736 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Marsh & McLennan Cos. by 6.5% in the second quarter. American Century Companies Inc. now owns 2,364,033 shares of the company’s stock worth $161,842,000 after buying an additional 143,770 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Marsh & McLennan Cos. by 46.7% in the second quarter. Mawer Investment Management Ltd. now owns 2,361,057 shares of the company’s stock worth $161,638,000 after buying an additional 752,079 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Marsh & McLennan Cos. by 7.6% in the second quarter. APG Asset Management N.V. now owns 1,882,451 shares of the company’s stock worth $128,873,000 after buying an additional 133,200 shares in the last quarter. Hedge funds and other institutional investors own 85.97% of the company’s stock.

Shares of Marsh & McLennan Cos. (NYSE:MMC) traded up 0.36% during trading on Wednesday, reaching $67.04. The company’s stock had a trading volume of 524,273 shares. The company’s 50-day moving average is $67.07 and its 200-day moving average is $64.67. Marsh & McLennan Cos. has a 12 month low of $50.81 and a 12 month high of $68.69. The company has a market capitalization of $34.74 billion, a P/E ratio of 21.42 and a beta of 0.98.

Marsh & McLennan Cos. (NYSE:MMC) last released its earnings results on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Marsh & McLennan Cos. had a net margin of 12.54% and a return on equity of 25.30%. The business earned $3.40 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Cos. will post $3.38 EPS for the current fiscal year.

About Marsh & McLennan Cos.

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

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