State of Tennessee Treasury Department cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,653 shares of the financial services provider’s stock after selling 1,577 shares during the period. State of Tennessee Treasury Department’s holdings in Marsh & McLennan Companies were worth $10,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Marsh & McLennan Companies by 3.0% during the first quarter. BlackRock Inc. now owns 42,886,436 shares of the financial services provider’s stock valued at $3,707,959,000 after buying an additional 1,239,186 shares during the period. Capital International Investors increased its stake in shares of Marsh & McLennan Companies by 0.6% during the first quarter. Capital International Investors now owns 20,077,397 shares of the financial services provider’s stock valued at $1,735,902,000 after buying an additional 120,143 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Marsh & McLennan Companies by 22.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,540,002 shares of the financial services provider’s stock valued at $1,343,589,000 after buying an additional 2,863,342 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Marsh & McLennan Companies by 21.7% during the first quarter. JPMorgan Chase & Co. now owns 8,401,177 shares of the financial services provider’s stock valued at $726,368,000 after purchasing an additional 1,496,017 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Marsh & McLennan Companies by 6.4% during the fourth quarter. Macquarie Group Ltd. now owns 8,054,969 shares of the financial services provider’s stock valued at $897,404,000 after purchasing an additional 487,837 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies stock traded down $1.26 during mid-day trading on Friday, hitting $105.72. The company had a trading volume of 536,988 shares, compared to its average volume of 2,588,557. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average price is $105.98 and its two-hundred day moving average price is $105.00. Marsh & McLennan Companies, Inc. has a 12 month low of $74.33 and a 12 month high of $119.88. The company has a market capitalization of $52.60 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 4.88 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.08. Marsh & McLennan Companies had a return on equity of 30.94% and a net margin of 10.33%. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current year.

MMC has been the topic of several research reports. Atlantic Securities upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Tuesday, May 12th. Morgan Stanley lifted their price target on Marsh & McLennan Companies from $110.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. Raymond James dropped their price target on Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Citigroup dropped their price target on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, MKM Partners dropped their price target on Marsh & McLennan Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $109.80.

About Marsh & McLennan Companies

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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