Scotia Capital Inc. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 41.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,454 shares of the financial services provider’s stock after acquiring an additional 10,607 shares during the period. Scotia Capital Inc.’s holdings in Marsh & McLennan Companies were worth $3,636,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. APG Asset Management N.V. lifted its stake in Marsh & McLennan Companies by 22.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,111,662 shares of the financial services provider’s stock valued at $184,965,000 after acquiring an additional 385,400 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Marsh & McLennan Companies by 10.2% during the 2nd quarter. MML Investors Services LLC now owns 23,075 shares of the financial services provider’s stock worth $2,302,000 after acquiring an additional 2,142 shares during the last quarter. Ossiam acquired a new position in Marsh & McLennan Companies in the 2nd quarter valued at $3,085,000. Bell Asset Management Ltd grew its holdings in Marsh & McLennan Companies by 2.0% in the 2nd quarter. Bell Asset Management Ltd now owns 94,846 shares of the financial services provider’s stock valued at $9,461,000 after buying an additional 1,848 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in Marsh & McLennan Companies by 50.8% in the 2nd quarter. Cibc World Markets Corp now owns 100,863 shares of the financial services provider’s stock valued at $10,061,000 after buying an additional 33,976 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

NYSE MMC traded up $0.12 during trading hours on Friday, hitting $99.80. 37,437 shares of the company’s stock were exchanged, compared to its average volume of 1,309,519. The stock has a 50-day simple moving average of $98.97 and a 200 day simple moving average of $96.62. Marsh & McLennan Companies, Inc. has a 1-year low of $74.30 and a 1-year high of $103.36. The firm has a market cap of $49.66 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.75 and a beta of 0.76. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping the 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 business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current fiscal year.

MMC has been the topic of several analyst reports. Morgan Stanley increased their target price 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. UBS Group increased their price target on Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $100.00 to $99.00 in a research note on Wednesday, June 12th. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $98.50.

Marsh & McLennan Companies Company 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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