Norinchukin Bank The Sells 4,631 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Norinchukin Bank The decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 35,251 shares of the financial services provider’s stock after selling 4,631 shares during the period. Norinchukin Bank The’s holdings in Marsh & McLennan Companies were worth $3,516,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MMC. FMR LLC grew its holdings in shares of Marsh & McLennan Companies by 27.9% during the 1st quarter. FMR LLC now owns 10,681,542 shares of the financial services provider’s stock worth $1,002,997,000 after acquiring an additional 2,327,487 shares during the period. BlackRock Inc. grew its stake in shares of Marsh & McLennan Companies by 2.3% in the 1st quarter. BlackRock Inc. now owns 43,396,454 shares of the financial services provider’s stock worth $4,074,926,000 after buying an additional 964,222 shares during the last quarter. Scout Investments Inc. purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $93,139,000. First Trust Advisors LP boosted its stake in Marsh & McLennan Companies by 526.7% during the 2nd quarter. First Trust Advisors LP now owns 985,280 shares of the financial services provider’s stock valued at $98,282,000 after purchasing an additional 828,072 shares during the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $63,852,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.

Marsh & McLennan Companies stock traded up $0.69 during trading on Monday, reaching $99.89. The company had a trading volume of 1,881,810 shares, compared to its average volume of 1,385,360. Marsh & McLennan Companies, Inc. has a 52 week low of $74.30 and a 52 week high of $103.36. The firm’s 50-day simple moving average is $99.46 and its 200 day simple moving average is $96.11. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.77. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the firm earned $1.10 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

MMC has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Morgan Stanley increased their price target on Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $100.00 to $99.00 in a report on Wednesday, June 12th. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, UBS Group increased their price target on Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $98.50.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.

Read More: What does an outperform rating mean?

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

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