Janus Henderson Group PLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,402,400 shares of the financial services provider’s stock after selling 653,314 shares during the period. Janus Henderson Group PLC owned approximately 0.48% of Marsh & McLennan Companies worth $196,927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its holdings in shares of Marsh & McLennan Companies by 3.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 7,851,174 shares of the financial services provider’s stock worth $648,428,000 after acquiring an additional 287,978 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Marsh & McLennan Companies by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 5,322,464 shares of the financial services provider’s stock worth $439,582,000 after acquiring an additional 976,003 shares during the period. OppenheimerFunds Inc. increased its holdings in shares of Marsh & McLennan Companies by 10.5% in the 1st quarter. OppenheimerFunds Inc. now owns 3,609,298 shares of the financial services provider’s stock worth $298,093,000 after acquiring an additional 342,211 shares during the period. American Century Companies Inc. increased its holdings in shares of Marsh & McLennan Companies by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 3,414,739 shares of the financial services provider’s stock worth $279,906,000 after acquiring an additional 592,490 shares during the period. Finally, Mawer Investment Management Ltd. increased its holdings in shares of Marsh & McLennan Companies by 2.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 2,878,992 shares of the financial services provider’s stock worth $235,964,000 after acquiring an additional 68,524 shares during the period. 85.83% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Credit Suisse Group assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 price objective on the stock. Bank of America cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $94.00 to $93.00 in a report on Thursday, July 26th. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $90.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $91.36.

Shares of MMC opened at $84.06 on Friday. The stock has a market capitalization of $42.53 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.46 and a quick ratio of 1.46. Marsh & McLennan Companies, Inc. has a 52-week low of $76.68 and a 52-week high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. equities research analysts expect that Marsh & McLennan Companies, Inc. will post 4.3 EPS for the current fiscal year.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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

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