Ameriprise Financial Inc. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,492,693 shares of the financial services provider’s stock after buying an additional 477,756 shares during the period. Ameriprise Financial Inc. owned about 1.27% of Marsh & McLennan Companies worth $506,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its stake in shares of 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 worth $101,000 after purchasing an additional 233 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of 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 worth $107,000 after purchasing an additional 135 shares in the last quarter. Grove Bank & Trust increased its stake in shares of 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 worth $125,000 after purchasing an additional 85 shares in the last quarter. CWM LLC increased its stake in shares of Marsh & McLennan Companies by 0.7% during the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 13 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in shares of Marsh & McLennan Companies by 11.3% during the second quarter. Orrstown Financial Services Inc. now owns 1,797 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 182 shares in the last quarter. 84.87% of the stock is owned by institutional investors.

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

Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 0.4589% during trading on Wednesday, reaching $81.3848. 533,495 shares of the company were exchanged. The stock has a 50 day moving average price of $78.23 and a 200 day moving average price of $76.26. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $82.86. The firm has a market capitalization of $41.71 billion, a PE ratio of 22.4882 and a beta of 0.98.

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

A number of research firms have recently commented on MMC. Keefe, Bruyette & Woods reissued a “buy” rating and set a $83.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $87.00 target price (up previously from $80.00) on shares of Marsh & McLennan Companies in a research note on Monday, July 24th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. Finally, BidaskClub cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.56.

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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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