Cypress Capital Group reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Cypress Capital Group’s holdings in Marsh & McLennan Companies were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Segment Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.1% during the second quarter. Segment Wealth Management LLC now owns 53,334 shares of the financial services provider’s stock worth $4,372,000 after purchasing an additional 584 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 13.6% during the second quarter. Parallel Advisors LLC now owns 4,983 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 597 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of Marsh & McLennan Companies by 1.8% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 37,248 shares of the financial services provider’s stock worth $3,053,000 after purchasing an additional 670 shares during the period. Robecosam AG lifted its holdings in shares of Marsh & McLennan Companies by 29.2% during the first quarter. Robecosam AG now owns 3,100 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 700 shares during the period. Finally, Brinker Capital Inc. lifted its holdings in shares of Marsh & McLennan Companies by 0.9% during the first quarter. Brinker Capital Inc. now owns 76,236 shares of the financial services provider’s stock worth $6,296,000 after purchasing an additional 717 shares during the period. 85.94% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on MMC shares. Credit Suisse Group started coverage on Marsh & McLennan Companies in a report on Tuesday, August 7th. They set a “neutral” rating and a $86.00 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Zacks Investment Research downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Bank of America downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $94.00 to $93.00 in a report on Thursday, July 26th. Finally, Citigroup increased their price target on Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. One 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. The company currently has an average rating of “Hold” and an average target price of $91.36.

NYSE:MMC opened at $86.63 on Tuesday. The firm has a market capitalization of $43.30 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.59 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 1 year low of $78.60 and a 1 year high of $87.89.

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

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total value of $6,825,877.44. Following the completion of the transaction, the senior vice president now owns 123,843 shares in the company, valued at $10,482,071.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.16% of the company’s stock.

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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