Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 41.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,971 shares of the financial services provider’s stock after purchasing an additional 35,275 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Marsh & McLennan Companies were worth $9,431,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MMC. BlackRock Inc. boosted its position in shares of Marsh & McLennan Companies by 3,253.2% in the 1st quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock worth $2,767,683,000 after purchasing an additional 36,339,736 shares in the last quarter. Pioneer Investment Management Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth $222,051,000. USS Investment Management Ltd boosted its position in shares of Marsh & McLennan Companies by 401.0% in the 2nd quarter. USS Investment Management Ltd now owns 1,991,547 shares of the financial services provider’s stock worth $155,251,000 after purchasing an additional 1,594,047 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Marsh & McLennan Companies by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after purchasing an additional 1,105,074 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth $60,210,000. 84.87% of the stock is owned by hedge funds and other institutional investors.

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MMC has been the subject of a number of research analyst reports. BidaskClub lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, August 18th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $85.00 target price on shares of Marsh & McLennan Companies in a research note 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’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $81.56.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 81.95 on Friday. The stock has a market cap of $42.00 billion, a price-to-earnings ratio of 22.64 and a beta of 0.98. The firm’s 50 day moving average price is $78.20 and its 200-day moving average price is $76.16. Marsh & McLennan Companies, Inc. has a 1-year low of $62.33 and a 1-year high of $82.33.

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

In other news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction dated Monday, August 21st. The shares were 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 $5,290,091.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies 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.

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

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