Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Strs Ohio

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Strs Ohio trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,417 shares of the financial services provider’s stock after selling 6,313 shares during the period. Strs Ohio’s holdings in Marsh & McLennan Companies were worth $22,411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. LeJeune Puetz Investment Counsel LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $100,000. Kaizen Advisory LLC increased its holdings in Marsh & McLennan Companies by 152.0% during 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 in the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $127,000. Wealthcare Advisory Partners LLC increased its holdings in Marsh & McLennan Companies by 87.8% during 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 in the last quarter. Finally, Darrell & King LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $203,000. 85.64% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on MMC shares. Citigroup boosted their price objective on Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Bank of America lowered Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $94.00 to $93.00 in a report on Thursday, July 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 target price on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Finally, Credit Suisse Group began coverage on Marsh & McLennan Companies in a report on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $91.36.

MMC stock opened at $84.00 on Friday. The company has a market capitalization of $41.92 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.46 and a quick ratio of 1.46. Marsh & McLennan Companies, Inc. has a 12-month low of $76.68 and a 12-month high of $87.89.

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 the consensus estimate of $1.11 by ($0.01). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.3 earnings per share for the current fiscal year.

Marsh & McLennan Companies Company 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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