Bridgewater Associates LP increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 30.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,284 shares of the financial services provider’s stock after buying an additional 4,540 shares during the quarter. Bridgewater Associates LP’s holdings in Marsh & McLennan Companies were worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in Marsh & McLennan Companies by 7.9% during the second quarter. Ameriprise Financial Inc. now owns 6,492,693 shares of the financial services provider’s stock worth $506,165,000 after buying an additional 477,756 shares in the last quarter. Bainco International Investors lifted its position in Marsh & McLennan Companies by 1.6% during the second quarter. Bainco International Investors now owns 106,974 shares of the financial services provider’s stock worth $8,340,000 after buying an additional 1,655 shares in the last quarter. Teachers Advisors LLC lifted its position in Marsh & McLennan Companies by 2.2% during the second quarter. Teachers Advisors LLC now owns 1,328,968 shares of the financial services provider’s stock worth $103,606,000 after buying an additional 28,259 shares in the last quarter. Seven Eight Capital LP lifted its position in Marsh & McLennan Companies by 87.7% during the second quarter. Seven Eight Capital LP now owns 54,360 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 25,400 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in Marsh & McLennan Companies by 6.9% during the second quarter. Stephens Inc. AR now owns 3,877 shares of the financial services provider’s stock worth $302,000 after buying an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

In related news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.46% of the company’s stock.

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Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 81.32 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $62.33 and a 52 week high of $82.86. The stock has a 50 day moving average price of $78.45 and a 200-day moving average price of $76.45. The firm has a market capitalization of $41.68 billion, a PE ratio of 22.47 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. The business had revenue of $3.50 billion for 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 business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current year.

A number of equities analysts recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $85.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, August 18th. Morgan Stanley restated an “equal weight” rating and issued a $80.00 target price (up previously from $73.00) on shares of Marsh & McLennan Companies in a research report on Friday, July 7th. Jefferies Group LLC restated a “hold” rating on shares of Marsh & McLennan Companies in a research report on Friday, June 16th. Finally, BidaskClub downgraded Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $81.56.

Marsh & McLennan Companies 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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