Public Employees Retirement System of Ohio Sells 1,443 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

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Public Employees Retirement System of Ohio reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,475 shares of the financial services provider’s stock after selling 1,443 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Marsh & McLennan Companies worth $27,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new stake in Marsh & McLennan Companies during the second quarter worth about $267,000. SRS Capital Advisors Inc. increased its position in shares of Marsh & McLennan Companies by 3,497.1% during the second quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,189 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Marsh & McLennan Companies by 24.7% during the second quarter. WINTON GROUP Ltd now owns 136,191 shares of the financial services provider’s stock valued at $11,164,000 after acquiring an additional 26,960 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Marsh & McLennan Companies by 47.8% during the second quarter. Schroder Investment Management Group now owns 226,104 shares of the financial services provider’s stock valued at $18,321,000 after acquiring an additional 73,121 shares during the last quarter. Finally, Global X Management Co LLC increased its position in shares of Marsh & McLennan Companies by 27.5% during the second quarter. Global X Management Co LLC now owns 7,368 shares of the financial services provider’s stock valued at $604,000 after acquiring an additional 1,589 shares during the last quarter. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MMC stock traded down $0.06 during trading on Friday, reaching $79.58. The company’s stock had a trading volume of 2,138,670 shares, compared to its average volume of 1,875,151. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $41.77 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $78.60 and a 1-year high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 11th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 42.35%.

MMC has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Credit Suisse Group set a $91.00 price target on shares of Marsh & McLennan Companies and gave the company a “hold” rating in a research report on Tuesday. Jefferies Financial Group reiterated a “hold” rating and set a $90.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 27th. Finally, Bank of America cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $94.00 to $93.00 in a research report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $92.80.

In related news, SVP E Scott Gilbert sold 80,646 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total value of $6,825,877.44. Following the completion of the transaction, the senior vice president now owns 123,843 shares in the company, valued at $10,482,071.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.16% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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

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