Marsh & McLennan Companies, Inc. (MMC) Holdings Decreased by Bessemer Group Inc.

Bessemer Group Inc. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 38.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,015 shares of the financial services provider’s stock after selling 50,771 shares during the quarter. Bessemer Group Inc.’s holdings in Marsh & McLennan Companies were worth $6,706,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Carroll Financial Associates Inc. increased its position in shares of Marsh & McLennan Companies by 21.8% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 233 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $109,000. Grove Bank & Trust boosted its stake in shares of Marsh & McLennan Companies by 5.6% during the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 85 shares during the period. CWM LLC boosted its stake in shares of Marsh & McLennan Companies by 0.7% during the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 13 shares during the period. Finally, Orrstown Financial Services Inc. boosted its stake in shares of Marsh & McLennan Companies by 11.3% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,797 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 182 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) opened at $83.15 on Friday. The stock has a market capitalization of $42,436.18, 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, Inc. has a one year low of $66.75 and a one year 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.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.31 billion. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. equities analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 earnings per share 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 paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.50 annualized dividend and a yield of 1.80%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.10%.

MMC has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $87.00 target price (up from $80.00) on shares of Marsh & McLennan Companies in a research note on Monday, July 24th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. 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 company. The company presently has a consensus rating of “Hold” and an average target price 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.

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

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