California Public Employees Retirement System raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 30.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,652,779 shares of the financial services provider’s stock after purchasing an additional 389,113 shares during the period. California Public Employees Retirement System’s holdings in Marsh & McLennan Companies were worth $135,478,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Macquarie Group Ltd. grew its position in Marsh & McLennan Companies by 0.4% in the second quarter. Macquarie Group Ltd. now owns 7,869,959 shares of the financial services provider’s stock valued at $645,100,000 after acquiring an additional 28,659 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Marsh & McLennan Companies by 3.8% in the first quarter. Artisan Partners Limited Partnership now owns 7,851,174 shares of the financial services provider’s stock valued at $648,428,000 after acquiring an additional 287,978 shares in the last quarter. Bank of America Corp DE grew its position in Marsh & McLennan Companies by 6.3% in the second quarter. Bank of America Corp DE now owns 6,380,730 shares of the financial services provider’s stock valued at $523,029,000 after acquiring an additional 375,965 shares in the last quarter. JPMorgan Chase & Co. grew its position in Marsh & McLennan Companies by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 5,322,464 shares of the financial services provider’s stock valued at $439,582,000 after acquiring an additional 976,003 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in Marsh & McLennan Companies by 10.5% in the first quarter. OppenheimerFunds Inc. now owns 3,609,298 shares of the financial services provider’s stock valued at $298,093,000 after acquiring an additional 342,211 shares in the last quarter. 85.94% of the stock is owned by institutional investors.

In other 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 completion of the sale, the senior vice president now owns 123,843 shares of the company’s stock, valued at $10,482,071.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is currently owned by company insiders.

MMC stock opened at $86.63 on Tuesday. Marsh & McLennan Companies, Inc. has a twelve month low of $78.60 and a twelve 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 cap of $43.30 billion, a PE ratio of 22.10, a P/E/G ratio of 1.59 and a beta of 0.94.

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

Several analysts have issued reports 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 objective for the company. Bank of America downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and lowered their price objective 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. Jefferies Financial Group reissued a “hold” rating and set a $90.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 27th. Finally, Citigroup raised their price target on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price 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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