Marsh & McLennan Companies, Inc. (MMC) Holdings Raised by Nomura Holdings Inc.

Nomura Holdings Inc. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 696.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,446 shares of the financial services provider’s stock after acquiring an additional 44,110 shares during the quarter. Nomura Holdings Inc.’s holdings in Marsh & McLennan Companies were worth $3,932,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MMC. Carroll Financial Associates Inc. raised its holdings in Marsh & McLennan Companies by 21.8% during the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 233 shares during the period. Tompkins Financial Corp raised its holdings in Marsh & McLennan Companies by 10.9% during the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 135 shares during the period. Acrospire Investment Management LLC bought a new stake in Marsh & McLennan Companies during the second quarter valued at about $109,000. Grove Bank & Trust raised its holdings in Marsh & McLennan Companies by 5.6% during the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 85 shares during the period. Finally, CWM LLC raised its holdings in Marsh & McLennan Companies by 0.7% during the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 13 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

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In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.31, for a total value of $2,319,300.00. Following the completion of the sale, the senior vice president now owns 68,427 shares in the company, valued at approximately $5,290,091.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.46% of the company’s stock.

A number of research firms have commented on MMC. Royal Bank Of Canada reissued a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Tuesday, October 3rd. Deutsche Bank AG cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 4th. Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a report on Monday, October 2nd. BidaskClub raised Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Marsh & McLennan Companies in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Marsh & McLennan Companies currently has a consensus rating of “Buy” and a consensus price target of $82.64.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. Marsh & McLennan Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.44%.

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.

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

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