American Century Companies Inc. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 46.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,820,894 shares of the financial services provider’s stock after selling 1,570,855 shares during the period. American Century Companies Inc. owned about 0.36% of Marsh & McLennan Companies worth $141,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MMC. BlackRock Inc. increased its position in Marsh & McLennan Companies by 3,253.2% in the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock valued at $2,767,683,000 after buying an additional 36,339,736 shares during the last quarter. Pioneer Investment Management Inc. bought a new position in Marsh & McLennan Companies during the first quarter valued at about $222,051,000. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock valued at $2,516,739,000 after buying an additional 1,105,074 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Marsh & McLennan Companies during the first quarter valued at about $60,210,000. Finally, Marshall Wace North America L.P. bought a new position in Marsh & McLennan Companies during the first quarter valued at about $60,210,000. Institutional investors own 85.53% of the company’s stock.

Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 76.96 on Friday. The firm has a market capitalization of $39.44 billion, a price-to-earnings ratio of 21.27 and a beta of 0.98. The firm has a 50-day moving average of $78.28 and a 200-day moving average of $75.72. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $81.00.

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

COPYRIGHT VIOLATION NOTICE: “American Century Companies Inc. Decreases Stake in Marsh & McLennan Companies, Inc. (MMC)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/26/american-century-companies-inc-decreases-stake-in-marsh-mclennan-companies-inc-mmc.html.

Several research analysts have recently issued reports on MMC shares. Barclays PLC boosted their price objective 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. Deutsche Bank AG boosted their price objective on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, June 27th. Morgan Stanley reissued an “equal weight” rating and issued a $80.00 target price (up previously from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Marsh & McLennan Companies in a research note on Friday, June 16th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.56.

In related news, SVP E Scott Gilbert sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were 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 in the company, valued at $5,290,091.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.46% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company 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.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

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

Receive News & Stock Ratings for Marsh & McLennan Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies Inc. and related stocks with our FREE daily email newsletter.