Marsh & McLennan Companies, Inc. (MMC) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,223 shares of the financial services provider’s stock after purchasing an additional 1,558 shares during the period. Aperio Group LLC’s holdings in Marsh & McLennan Companies were worth $18,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial For Lutherans grew its stake in Marsh & McLennan Companies by 6.5% during the first quarter. Thrivent Financial For Lutherans now owns 19,100 shares of the financial services provider’s stock valued at $1,411,000 after acquiring an additional 1,160 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Marsh & McLennan Companies by 15.6% during the first quarter. Oppenheimer & Co. Inc. now owns 6,344 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 854 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Marsh & McLennan Companies during the first quarter valued at approximately $1,553,000. Two Sigma Securities LLC lifted its position in Marsh & McLennan Companies by 35.5% during the first quarter. Two Sigma Securities LLC now owns 9,721 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 2,548 shares during the last quarter. Finally, State Street Corp lifted its position in Marsh & McLennan Companies by 2.5% during the first quarter. State Street Corp now owns 23,756,275 shares of the financial services provider’s stock valued at $1,755,356,000 after purchasing an additional 585,706 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

In other news, Director Marc D. Oken purchased 1,235 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $80.89 per share, for a total transaction of $99,899.15. Following the acquisition, the director now directly owns 40,120 shares of the company’s stock, valued at approximately $3,245,306.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP E Scott Gilbert sold 30,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the sale, the senior vice president now owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE MMC) traded down $0.15 during trading hours on Tuesday, reaching $83.00. 1,857,700 shares of the company were exchanged, compared to its average volume of 1,790,793. Marsh & McLennan Companies, Inc. has a 52 week low of $66.75 and a 52 week high of $84.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.77. The company has a market cap of $42,436.17, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.77 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. research analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 dividend on an annualized basis and a yield of 1.81%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.10%.

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MMC has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $88.00 target price on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Deutsche Bank AG lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 4th. Wells Fargo & Company set a $91.00 target price on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Barclays PLC boosted their price objective on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.39.

About Marsh & McLennan Companies

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 risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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