Polaris Greystone Financial Group LLC Increases Stake in Marsh & McLennan Companies, Inc. (MMC)

Polaris Greystone Financial Group LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,468 shares of the financial services provider’s stock after purchasing an additional 14,261 shares during the quarter. Polaris Greystone Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $12,695,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Unigestion Holding SA acquired a new position in Marsh & McLennan Companies during the second quarter worth $54,564,000. American Century Companies Inc. increased its holdings 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 worth $279,906,000 after buying an additional 592,490 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in Marsh & McLennan Companies during the second quarter worth $44,798,000. Tesco Pension Investment Ltd increased its holdings 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 worth $90,126,000 after buying an additional 545,839 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Marsh & McLennan Companies by 350.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 573,102 shares of the financial services provider’s stock worth $46,977,000 after buying an additional 445,900 shares during the last quarter. 86.02% of the stock is currently owned by institutional investors and hedge funds.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total value of $6,825,877.44. Following the transaction, the senior vice president now directly owns 123,843 shares in the company, valued at $10,482,071.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.16% of the stock is owned by insiders.

MMC has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Credit Suisse Group set a $91.00 target price on shares of Marsh & McLennan Companies and gave the stock a “hold” rating in a report on Tuesday, October 9th. Jefferies Financial Group restated a “hold” rating and set a $90.00 target price on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Finally, UBS Group lowered their target price on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating on the stock in a report on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $92.27.

NYSE:MMC opened at $80.46 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $78.60 and a one year high of $87.89. The firm has a market capitalization of $40.42 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.46 and a current ratio of 1.46.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Wednesday, October 10th. This represents a $1.66 annualized dividend and a dividend yield of 2.06%. Marsh & McLennan Companies’s dividend payout ratio is currently 42.35%.

About Marsh & McLennan Companies

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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