Usca Ria LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 307.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,044 shares of the financial services provider’s stock after buying an additional 36,256 shares during the period. Usca Ria LLC’s holdings in Marsh & McLennan Companies were worth $3,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accident Compensation Corp increased its position in Marsh & McLennan Companies by 8.5% in the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock valued at $6,013,000 after buying an additional 6,400 shares during the period. Toronto Dominion Bank increased its position in Marsh & McLennan Companies by 47.5% in the first quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock valued at $11,441,000 after buying an additional 49,850 shares during the period. M&T Bank Corp increased its position in Marsh & McLennan Companies by 25.2% in the first quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock valued at $6,454,000 after buying an additional 17,572 shares during the period. Teacher Retirement System of Texas increased its position in Marsh & McLennan Companies by 25.3% in the first quarter. Teacher Retirement System of Texas now owns 301,215 shares of the financial services provider’s stock valued at $22,257,000 after buying an additional 60,891 shares during the period. Finally, Capital Advisors Inc. OK increased its position in Marsh & McLennan Companies by 13.5% in the first quarter. Capital Advisors Inc. OK now owns 3,404 shares of the financial services provider’s stock valued at $252,000 after buying an additional 404 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) traded up 0.475% on Friday, hitting $77.245. 311,474 shares of the company traded hands. The stock has a market capitalization of $39.59 billion, a price-to-earnings ratio of 21.344 and a beta of 0.98. The firm’s 50 day moving average price is $78.30 and its 200-day moving average price is $75.67. Marsh & McLennan Companies, Inc. has a 1-year low of $62.33 and a 1-year high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 earnings per share for the current year.

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MMC has been the topic of several research reports. Barclays PLC lifted their price target on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Jefferies Group LLC reissued a “hold” rating and set a $80.00 price target (up from $74.00) on shares of Marsh & McLennan Companies in a research note on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. BidaskClub raised shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $75.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Marsh & McLennan Companies currently has a consensus rating of “Buy” and an average price target of $81.56.

In other news, SVP E Scott Gilbert sold 30,000 shares of the company’s stock in a transaction on 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 owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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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