Mandatum Life Insurance Co Ltd Maintains Position in Marsh & McLennan Companies, Inc. (MMC)

Mandatum Life Insurance Co Ltd maintained its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,121 shares of the financial services provider’s stock at the end of the second quarter. Mandatum Life Insurance Co Ltd’s holdings in Marsh & McLennan Companies were worth $477,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its stake in shares of Marsh & McLennan Companies by 0.7% in the first quarter. Raymond James Trust N.A. now owns 4,954 shares of the financial services provider’s stock worth $366,000 after buying an additional 32 shares during the last quarter. Fulton Bank N.A. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $201,000. CENTRAL TRUST Co boosted its stake in shares of Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock worth $111,000 after buying an additional 102 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Marsh & McLennan Companies by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 445,376 shares of the financial services provider’s stock worth $32,908,000 after buying an additional 13,599 shares during the last quarter. Finally, Lau Associates LLC purchased a new stake in Marsh & McLennan Companies during the first quarter valued at $233,000. Hedge funds and other institutional investors own 85.68% of the company’s stock.

Marsh & McLennan Companies, Inc. (MMC) traded down 0.08% during mid-day trading on Friday, reaching $77.02. 882,325 shares of the company’s stock were exchanged. The stock has a market cap of $39.47 billion, a price-to-earnings ratio of 21.28 and a beta of 0.98. The stock has a 50-day moving average of $78.43 and a 200-day moving average of $75.10. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $81.00.

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

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

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Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday. BidaskClub cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $85.00 target price on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a report on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $74.03, for a total value of $13,644,099.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

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.

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

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