Bainco International Investors boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,974 shares of the financial services provider’s stock after acquiring an additional 1,655 shares during the quarter. Marsh & McLennan Companies comprises about 1.3% of Bainco International Investors’ holdings, making the stock its 25th largest holding. Bainco International Investors’ holdings in Marsh & McLennan Companies were worth $8,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in Marsh & McLennan Companies by 0.7% in the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 13 shares during the period. IFP Advisors Inc boosted its holdings in Marsh & McLennan Companies by 0.3% in the 2nd quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 18 shares during the period. Wetherby Asset Management Inc. boosted its holdings in Marsh & McLennan Companies by 0.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,038 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 19 shares during the period. United Capital Financial Advisers LLC boosted its holdings in Marsh & McLennan Companies by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 8,519 shares of the financial services provider’s stock worth $629,000 after acquiring an additional 22 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its holdings in Marsh & McLennan Companies by 1.8% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,989 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.31% during trading on Tuesday, hitting $81.45. The company’s stock had a trading volume of 590,878 shares. The firm’s 50 day moving average is $78.15 and its 200-day moving average is $76.22. The company has a market capitalization of $41.75 billion, a P/E ratio of 22.51 and a beta of 0.98. 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 released its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 30,000 shares of the firm’s stock in a transaction that occurred 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 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 this link. Company insiders own 1.46% of the company’s stock.

A number of research firms have weighed in on MMC. Keefe, Bruyette & Woods restated a “buy” rating and issued a $83.00 price target on shares of Marsh & McLennan Companies in a report on Friday, August 18th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and issued a $87.00 price target (up previously from $80.00) on shares of Marsh & McLennan Companies in a report on Monday, July 24th. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, July 27th. Finally, BidaskClub lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $81.56.

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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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