Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Increased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 584,445 shares of the financial services provider’s stock after buying an additional 41,637 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Marsh & McLennan Companies were worth $123,154,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MMC. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies during the first quarter worth approximately $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the first quarter valued at about $27,000. Crewe Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Marsh & McLennan Companies during the first quarter valued at $35,000. Finally, Clear Investment Research LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,735 shares of company stock worth $4,897,317. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

NYSE MMC opened at $223.55 on Friday. The firm has a 50-day simple moving average of $223.30 and a 200 day simple moving average of $212.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32. The stock has a market cap of $110.15 billion, a PE ratio of 28.37, a PEG ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Roth Mkm raised their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $215.53.

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.