Kayne Anderson Rudnick Investment Management LLC Decreases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kayne Anderson Rudnick Investment Management LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 175,433 shares of the financial services provider’s stock after selling 2,209 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $17,500,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MMC. Nuveen Asset Management LLC raised its holdings in Marsh & McLennan Companies by 16,857.0% in the second quarter. Nuveen Asset Management LLC now owns 5,279,048 shares of the financial services provider’s stock worth $526,585,000 after buying an additional 5,247,916 shares during the last quarter. FMR LLC raised its holdings in shares of Marsh & McLennan Companies by 27.9% during the first quarter. FMR LLC now owns 10,681,542 shares of the financial services provider’s stock valued at $1,002,997,000 after purchasing an additional 2,327,487 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $180,448,000. Vanguard Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Vanguard Group Inc. now owns 38,854,934 shares of the financial services provider’s stock valued at $3,875,780,000 after purchasing an additional 974,005 shares during the last quarter. Finally, Scout Investments Inc. purchased a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $93,139,000. 86.74% of the stock is owned by institutional investors and hedge funds.

MMC has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 15th. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective for the company. in a report on Monday, July 1st. Finally, ValuEngine cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $98.50.

NYSE MMC traded up $0.33 during trading hours on Monday, hitting $100.09. 49,819 shares of the company’s stock traded hands, compared to its average volume of 1,454,332. The business’s fifty day moving average price is $99.17 and its two-hundred day moving average price is $97.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $50.77 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.79 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 52 week low of $74.30 and a 52 week high of $103.36.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.05. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $0.455 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.82 annualized dividend and a yield of 1.82%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.84%.

Marsh & McLennan Companies Company Profile

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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