Norinchukin Bank The Increases Holdings in Marsh & McLennan Companies, Inc. (MMC)

Norinchukin Bank The boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,350 shares of the financial services provider’s stock after acquiring an additional 2,249 shares during the period. Norinchukin Bank The’s holdings in Marsh & McLennan Companies were worth $1,586,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in Marsh & McLennan Companies by 3,253.2% in the first quarter. BlackRock Inc. now owns 37,456,799 shares of the financial services provider’s stock worth $2,767,683,000 after acquiring an additional 36,339,736 shares during the period. Vanguard Group Inc. raised its position in Marsh & McLennan Companies by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,060,612 shares of the financial services provider’s stock worth $2,516,739,000 after acquiring an additional 1,105,074 shares during the period. State Street Corp raised its position in Marsh & McLennan Companies by 2.5% in the first quarter. State Street Corp now owns 23,756,275 shares of the financial services provider’s stock worth $1,755,356,000 after acquiring an additional 585,706 shares during the period. Artisan Partners Limited Partnership raised its position in Marsh & McLennan Companies by 1.0% in the first quarter. Artisan Partners Limited Partnership now owns 7,714,508 shares of the financial services provider’s stock worth $570,025,000 after acquiring an additional 74,483 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Marsh & McLennan Companies by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 6,492,693 shares of the financial services provider’s stock worth $506,165,000 after acquiring an additional 477,756 shares during the period. 84.87% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies, Inc. (NYSE MMC) opened at 81.32 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $62.33 and a 1-year high of $82.86. The stock has a 50 day moving average of $78.45 and a 200 day moving average of $76.45. The stock has a market cap of $41.68 billion, a P/E ratio of 22.47 and a beta of 0.98.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.80 EPS for the current fiscal year.

Several brokerages have commented on MMC. BidaskClub lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, August 18th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Marsh & McLennan Companies presently has an average rating of “Buy” and an average target price of $81.56.

In other news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total value of $2,319,300.00. Following the transaction, the senior vice president now owns 68,427 shares in the company, valued at approximately $5,290,091.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by corporate insiders.

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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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