Zurich Insurance Group Ltd FI trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 83,966 shares of the financial services provider’s stock after selling 18,656 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Marsh & McLennan Companies were worth $6,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $100,000. Kaizen Advisory LLC lifted its stake in shares of Marsh & McLennan Companies by 152.0% in the 2nd quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 751 shares during the period. Sun Life Financial INC lifted its stake in shares of Marsh & McLennan Companies by 619.9% in the 2nd quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 1,184 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $127,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 87.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,914 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 895 shares during the period. 85.94% of the stock is currently owned by institutional investors.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following 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 document filed with the SEC, which is available through this hyperlink. 1.16% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Bank of America cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $94.00 to $93.00 in a research note on Thursday, July 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $90.00 price objective on shares of Marsh & McLennan Companies in a research note on Friday, July 27th. Citigroup increased their price objective on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Finally, Credit Suisse Group assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $91.36.

NYSE MMC opened at $86.77 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $78.60 and a 12 month high of $87.89. The company has a market cap of $43.30 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.59 and a beta of 0.94. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.75.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 26th. The financial services provider reported $1.10 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 firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business posted $1.00 EPS. Marsh & McLennan Companies’s revenue was up 6.8% on a year-over-year basis. analysts expect that Marsh & McLennan Companies, Inc. will post 4.3 earnings per share for the current year.

About Marsh & McLennan Companies

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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