Huntington National Bank lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 58,022 shares of the financial services provider’s stock after selling 1,469 shares during the period. Huntington National Bank’s holdings in Marsh & McLennan Companies were worth $6,229,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Investment Company LLC lifted its position in shares of Marsh & McLennan Companies by 51.7% during the 1st quarter. Ameritas Investment Company LLC now owns 361 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 123 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $10,445,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Marsh & McLennan Companies by 2,252.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 400 shares of the financial services provider’s stock valued at $42,000 after buying an additional 383 shares in the last quarter. Finally, Gradient Investments LLC lifted its position in shares of Marsh & McLennan Companies by 29.4% during the 2nd quarter. Gradient Investments LLC now owns 445 shares of the financial services provider’s stock valued at $48,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $112.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group raised Marsh & McLennan Companies to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, April 14th. Raymond James lowered their price target on Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Cfra raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and lowered their price target for the stock from $120.00 to $110.00 in a report on Thursday, April 30th. Finally, Wells Fargo & Co lowered their price target on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Marsh & McLennan Companies presently has an average rating of “Buy” and an average price target of $111.45.

Shares of MMC traded down $0.11 during mid-day trading on Friday, hitting $116.60. 2,093,115 shares of the stock were exchanged, compared to its average volume of 1,247,084. The company has a market cap of $59.01 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 4.72 and a beta of 0.89. Marsh & McLennan Companies, Inc. has a 52-week low of $74.33 and a 52-week high of $119.88. The firm has a 50-day moving average of $109.16 and a two-hundred day moving average of $104.90. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.37.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Marsh & McLennan Companies had a return on equity of 31.82% and a net margin of 11.83%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 4.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, July 27th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 1.60%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, July 24th. Marsh & McLennan Companies’s dividend payout ratio is 39.91%.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.

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

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