Marsh & McLennan Companies, Inc. (MMC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,548,800 shares of the financial services provider’s stock after selling 19,101 shares during the period. New York State Common Retirement Fund owned about 0.30% of Marsh & McLennan Companies worth $120,744,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Carroll Financial Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 21.8% during the second quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock worth $101,000 after buying an additional 233 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Marsh & McLennan Companies by 10.9% during the second quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock worth $107,000 after buying an additional 135 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter worth $109,000. Grove Bank & Trust increased its holdings in shares of Marsh & McLennan Companies by 5.6% during the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after buying an additional 85 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Marsh & McLennan Companies by 0.7% during the second quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after buying an additional 13 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

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Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) traded up 0.20% during mid-day trading on Monday, reaching $81.48. 941,500 shares of the company’s stock were exchanged. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $82.86. The stock has a market cap of $41.76 billion, a PE ratio of 22.51 and a beta of 0.98. The company has a 50 day moving average price of $78.45 and a 200-day moving average price of $76.45.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post $3.80 EPS for the current year.

Several research analysts have recently issued reports on MMC shares. BidaskClub downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Barclays PLC upped their price target on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, June 27th. Morgan Stanley reiterated an “equal weight” rating and set a $80.00 price target (up from $73.00) on shares of Marsh & McLennan Companies in a report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Marsh & McLennan Companies in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Marsh & McLennan Companies currently has a consensus rating of “Buy” and an average target price of $81.56.

In related news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the completion of the sale, the senior vice president now owns 68,427 shares in the company, valued at approximately $5,290,091.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.46% of the company’s stock.

About Marsh & McLennan Companies

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.

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

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