Macguire Cheswick & Tuttle Investment Counsel LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 178,591 shares of the financial services provider’s stock after selling 9,450 shares during the period. Marsh & McLennan Companies comprises 2.8% of Macguire Cheswick & Tuttle Investment Counsel LLC’s portfolio, making the stock its 13th largest position. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Marsh & McLennan Companies were worth $13,923,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Accident Compensation Corp boosted its position in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock valued at $6,013,000 after buying an additional 6,400 shares during the period. Toronto Dominion Bank boosted its position in shares of Marsh & McLennan Companies by 47.5% in the first quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock valued at $11,441,000 after buying an additional 49,850 shares during the period. M&T Bank Corp boosted its position in shares of Marsh & McLennan Companies by 25.2% in the first quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock valued at $6,454,000 after buying an additional 17,572 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Marsh & McLennan Companies by 25.3% in the first quarter. Teacher Retirement System of Texas now owns 301,215 shares of the financial services provider’s stock valued at $22,257,000 after buying an additional 60,891 shares during the period. Finally, Capital Advisors Inc. OK boosted its position in shares of Marsh & McLennan Companies by 13.5% in the first quarter. Capital Advisors Inc. OK now owns 3,404 shares of the financial services provider’s stock valued at $252,000 after buying an additional 404 shares during the period. 85.68% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 77.02 on Friday. The company has a 50-day moving average price of $78.43 and a 200-day moving average price of $75.10. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $81.00. The firm has a market cap of $39.47 billion, a PE ratio of 21.28 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.44%.

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MMC has been the subject of several analyst reports. Barclays PLC boosted their price objective on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Marsh & McLennan Companies in a report on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. BidaskClub raised Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $81.56.

In related news, SVP Laurie Ledford sold 184,305 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total transaction of $13,644,099.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.46% of the stock is currently owned by company insiders.

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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