State Board of Administration of Florida Retirement System lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 690,691 shares of the financial services provider’s stock after selling 14,289 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Marsh & McLennan Companies worth $68,896,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $30,000. Coastal Capital Group Inc. purchased a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $30,000. Capital Advisors Ltd. LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. grew its position in Marsh & McLennan Companies by 2,385.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 348 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 334 shares during the last quarter. 86.29% of the stock is currently owned by institutional investors.

Several research firms have weighed in on MMC. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 target price on the stock. in a research report on Monday, July 1st. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Morgan Stanley lifted their price objective on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods cut shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $100.00 to $99.00 in a research note on Wednesday, June 12th. Finally, UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $98.50.

Shares of MMC traded up $0.61 during trading hours on Wednesday, hitting $97.82. The stock had a trading volume of 9,605 shares, compared to its average volume of 1,601,788. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50-day moving average price of $100.41 and a 200 day moving average price of $95.76. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $103.36. The firm has a market capitalization of $49.51 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.74 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the business posted $1.10 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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