Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Aviva PLC

Aviva PLC reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,037 shares of the financial services provider’s stock after selling 9,468 shares during the period. Aviva PLC’s holdings in Marsh & McLennan Companies were worth $20,352,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MMC. FMR LLC raised its position in Marsh & McLennan Companies by 33.6% during the third quarter. FMR LLC now owns 7,809,104 shares of the financial services provider’s stock valued at $645,969,000 after purchasing an additional 1,962,468 shares during the period. BlackRock Inc. raised its position in Marsh & McLennan Companies by 2.8% during the third quarter. BlackRock Inc. now owns 39,673,471 shares of the financial services provider’s stock valued at $3,281,788,000 after purchasing an additional 1,073,174 shares during the period. JPMorgan Chase & Co. raised its position in Marsh & McLennan Companies by 13.9% during the third quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock valued at $640,917,000 after purchasing an additional 945,494 shares during the period. American Century Companies Inc. raised its position in Marsh & McLennan Companies by 21.0% during the second quarter. American Century Companies Inc. now owns 3,414,739 shares of the financial services provider’s stock valued at $279,906,000 after purchasing an additional 592,490 shares during the period. Finally, Tesco Pension Investment Ltd raised its position in Marsh & McLennan Companies by 98.6% during the second quarter. Tesco Pension Investment Ltd now owns 1,099,502 shares of the financial services provider’s stock valued at $90,126,000 after purchasing an additional 545,839 shares during the period. Institutional investors and hedge funds own 86.72% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Credit Suisse Group assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, August 7th. They set a “neutral” rating and a $86.00 price objective on the stock. Morgan Stanley upped their price objective on Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Wednesday, November 14th. Citigroup decreased their price objective on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, September 20th. Finally, Wells Fargo & Co set a $93.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $92.91.

MMC opened at $87.17 on Friday. The company has a market cap of $43.25 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.50 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a one year low of $77.11 and a one year high of $89.30. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 11th were paid a dividend of $0.415 per share. The ex-dividend date was Wednesday, October 10th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.90%. Marsh & McLennan Companies’s dividend payout ratio is 42.35%.

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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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