Wells Fargo & Company MN raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,567,993 shares of the financial services provider’s stock after purchasing an additional 79,493 shares during the period. Wells Fargo & Company MN owned 0.31% of Marsh & McLennan Companies worth $122,241,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accident Compensation Corp lifted its position in shares of Marsh & McLennan Companies by 8.5% in the 1st quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock worth $6,013,000 after purchasing an additional 6,400 shares during the period. Great Lakes Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 2.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 8,677 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 217 shares during the period. Toronto Dominion Bank lifted its position in shares of Marsh & McLennan Companies by 47.5% in the 1st quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock worth $11,441,000 after purchasing an additional 49,850 shares during the period. M&T Bank Corp lifted its position in shares of Marsh & McLennan Companies by 25.2% in the 1st quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock worth $6,454,000 after purchasing an additional 17,572 shares during the period. Finally, PICTET BANK & TRUST Ltd acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $1,454,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.

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

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, hitting 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 analyst estimates of $3.55 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods restated 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 restated 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 issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $81.56.

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In related 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.46% of the company’s stock.

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.

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

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