PICTET BANK & TRUST Ltd purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,650 shares of the financial services provider’s stock, valued at approximately $1,454,000.

Several 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 worth $2,767,683,000 after buying an additional 36,339,736 shares during the period. 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 worth $2,516,739,000 after buying an additional 1,105,074 shares during the period. State Street Corp increased its position in Marsh & McLennan Companies by 2.5% in the first quarter. State Street Corp now owns 23,756,275 shares of the financial services provider’s stock worth $1,755,356,000 after buying an additional 585,706 shares during the period. Artisan Partners Limited Partnership increased its position in Marsh & McLennan Companies by 1.0% in the first quarter. Artisan Partners Limited Partnership now owns 7,714,508 shares of the financial services provider’s stock worth $570,025,000 after buying an additional 74,483 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Marsh & McLennan Companies by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 6,014,937 shares of the financial services provider’s stock worth $444,444,000 after buying an additional 130,845 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marsh & McLennan Companies, Inc. (MMC) traded down 0.27% on Friday, reaching $77.87. 1,285,982 shares of the company’s stock were exchanged. The company has a market cap of $39.91 billion, a price-to-earnings ratio of 21.52 and a beta of 0.98. The firm’s 50-day moving average price is $78.19 and its 200 day moving average price is $75.97. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

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Several equities analysts have commented on MMC shares. BidaskClub downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, June 9th. 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. Barclays PLC upped their price target on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Finally, Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.56.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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

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