Tokio Marine Asset Management Co. Ltd. Sells 7,770 Shares of Marsh & McLennan Companies, Inc. (MMC)

Tokio Marine Asset Management Co. Ltd. decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,139 shares of the financial services provider’s stock after selling 7,770 shares during the period. Marsh & McLennan Companies makes up about 1.5% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 11th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $10,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMC. Capstone Asset Management Co. boosted its position in Marsh & McLennan Companies by 5.0% in the first quarter. Capstone Asset Management Co. now owns 48,231 shares of the financial services provider’s stock valued at $3,564,000 after buying an additional 2,310 shares during the last quarter. Orrstown Financial Services Inc. boosted its position in Marsh & McLennan Companies by 26.7% in the first quarter. Orrstown Financial Services Inc. now owns 1,615 shares of the financial services provider’s stock valued at $120,000 after buying an additional 340 shares during the last quarter. Bank of Montreal Can boosted its position in Marsh & McLennan Companies by 4.3% in the first quarter. Bank of Montreal Can now owns 695,627 shares of the financial services provider’s stock valued at $51,400,000 after buying an additional 28,451 shares during the last quarter. Pennsylvania Trust Co boosted its position in Marsh & McLennan Companies by 2.8% in the first quarter. Pennsylvania Trust Co now owns 10,975 shares of the financial services provider’s stock valued at $811,000 after buying an additional 300 shares during the last quarter. Finally, National Pension Service boosted its position in Marsh & McLennan Companies by 1.0% in the first quarter. National Pension Service now owns 393,339 shares of the financial services provider’s stock valued at $29,150,000 after buying an additional 3,907 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 78.64 on Thursday. The stock has a 50 day moving average price of $78.84 and a 200 day moving average price of $74.68. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $81.00. The firm has a market cap of $40.30 billion, a price-to-earnings ratio of 21.73 and a beta of 0.98.

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

The company also recently announced 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 is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. This represents a $1.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, July 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.44%.

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Several research firms have recently issued reports on MMC. BidaskClub cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reissued a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $87.00 price target (up previously from $80.00) on shares of Marsh & McLennan Companies in a research note on Monday, July 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $81.56.

In other news, SVP Laurie Ledford sold 184,305 shares of Marsh & McLennan Companies stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is currently owned by company insiders.

About Marsh & McLennan Companies

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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