Metropolitan Life Insurance Co. NY cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,257 shares of the financial services provider’s stock after selling 13,435 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Marsh & McLennan Companies were worth $7,234,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Investec Asset Management LTD lifted its position in shares of Marsh & McLennan Companies by 22.6% in the 2nd quarter. Investec Asset Management LTD now owns 2,075,578 shares of the financial services provider’s stock valued at $170,135,000 after acquiring an additional 383,166 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Marsh & McLennan Companies by 4.9% in the 2nd quarter. Retirement Systems of Alabama now owns 506,007 shares of the financial services provider’s stock valued at $41,477,000 after acquiring an additional 23,808 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Marsh & McLennan Companies by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,869,423 shares of the financial services provider’s stock valued at $153,237,000 after acquiring an additional 53,054 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Marsh & McLennan Companies by 2.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,878,992 shares of the financial services provider’s stock valued at $235,964,000 after acquiring an additional 68,524 shares in the last quarter. Finally, Standard Life Aberdeen plc lifted its position in shares of Marsh & McLennan Companies by 12.7% in the 2nd quarter. Standard Life Aberdeen plc now owns 433,964 shares of the financial services provider’s stock valued at $35,574,000 after acquiring an additional 49,052 shares in the last quarter. 85.94% of the stock is owned by institutional investors and hedge funds.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the 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 sale, the senior vice president now owns 123,843 shares in the company, valued at approximately $10,482,071.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.16% of the stock is owned by corporate insiders.

MMC stock opened at $85.74 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $78.60 and a 12-month high of $87.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $43.62 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.60 and a beta of 0.94.

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

Several equities research analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 price target for the company. Jefferies Financial Group restated a “hold” rating and issued a $90.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 27th. Bank of America downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $94.00 to $93.00 in a research report on Thursday, July 26th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, Citigroup upped 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $91.36.

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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