Homrich & Berg reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,961 shares of the financial services provider’s stock after selling 209 shares during the period. Homrich & Berg’s holdings in Marsh & McLennan Companies were worth $595,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Marsh & McLennan Companies by 2.3% during the 1st quarter. BlackRock Inc. now owns 43,396,454 shares of the financial services provider’s stock worth $4,074,926,000 after purchasing an additional 964,222 shares during the period. FMR LLC grew its holdings in shares of Marsh & McLennan Companies by 27.9% during the 1st quarter. FMR LLC now owns 10,681,542 shares of the financial services provider’s stock worth $1,002,997,000 after purchasing an additional 2,327,487 shares during the period. Northern Trust Corp grew its holdings in shares of Marsh & McLennan Companies by 0.8% during the 1st quarter. Northern Trust Corp now owns 6,826,655 shares of the financial services provider’s stock worth $641,023,000 after purchasing an additional 53,038 shares during the period. Geode Capital Management LLC grew its holdings in shares of Marsh & McLennan Companies by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 6,628,096 shares of the financial services provider’s stock worth $527,675,000 after purchasing an additional 410,471 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Marsh & McLennan Companies by 5.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,572,102 shares of the financial services provider’s stock worth $429,320,000 after purchasing an additional 241,900 shares during the period. Institutional investors own 86.29% of the company’s stock.

MMC traded up $0.11 during mid-day trading on Friday, hitting $98.28. 7,006 shares of the stock were exchanged, compared to its average volume of 1,625,422. The firm’s fifty day moving average is $100.24 and its two-hundred day moving average is $95.84. Marsh & McLennan Companies, Inc. has a 1-year low of $74.30 and a 1-year high of $103.36. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The company has a market cap of $49.72 billion, a PE ratio of 22.65, a PEG ratio of 1.73 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, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $1.10 EPS. Marsh & McLennan Companies’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

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

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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