Homrich & Berg reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,759 shares of the financial services provider’s stock after selling 94 shares during the period. Homrich & Berg’s holdings in Marsh & McLennan Companies were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased 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 valued at $101,000 after buying an additional 233 shares during the last quarter. Tompkins Financial Corp increased 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 valued at $107,000 after buying an additional 135 shares during the last quarter. Grove Bank & Trust increased 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 valued at $125,000 after buying an additional 85 shares during the last quarter. CWM LLC increased 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 valued at $138,000 after buying an additional 13 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased 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 valued at $140,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 77.00 on Wednesday. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $81.00. The stock’s 50 day moving average is $78.28 and its 200 day moving average is $75.72. The company has a market capitalization of $39.46 billion, a P/E ratio of 21.28 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the company earned $0.91 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

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Several research firms have weighed in on MMC. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. One equities 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 company. The company has a consensus rating of “Buy” and an average price target of $81.56.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the firm’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 completion of the sale, the senior vice president now owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.46% of the stock is currently owned by company insiders.

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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