Axa Sells 28,700 Shares of Marsh & McLennan Companies, Inc. (MMC)

Axa decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,581 shares of the financial services provider’s stock after selling 28,700 shares during the quarter. Axa’s holdings in Marsh & McLennan Companies were worth $7,763,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Carroll Financial Associates Inc. raised its position in Marsh & McLennan Companies by 21.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 233 shares in the last quarter. Tompkins Financial Corp raised its position in Marsh & McLennan Companies by 10.9% in the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 135 shares in the last quarter. Grove Bank & Trust raised its position in Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 85 shares in the last quarter. CWM LLC raised its position in Marsh & McLennan Companies by 0.7% in the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 13 shares in the last quarter. Finally, Orrstown Financial Services Inc. raised its position in Marsh & McLennan Companies by 11.3% in the second quarter. Orrstown Financial Services Inc. now owns 1,797 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 182 shares in the last quarter. 84.87% of the stock is owned by institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 81.02 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $82.86. The company has a market cap of $41.52 billion, a PE ratio of 22.39 and a beta of 0.98. The stock’s 50 day moving average price is $78.34 and its 200 day moving average price is $76.39.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Equities analysts predict that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on MMC shares. Royal Bank Of Canada reissued a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. Morgan Stanley reissued an “equal weight” rating and issued a $80.00 price target (up previously from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. Jefferies Group LLC reissued a “hold” rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. Finally, BidaskClub cut Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.56.

In other news, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total value of $2,319,300.00. Following the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.46% of the stock is owned by insiders.

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Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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

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