Nomura Asset Management Co. Ltd. Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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Nomura Asset Management Co. Ltd. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,743 shares of the financial services provider’s stock after purchasing an additional 17,592 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $15,369,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MMC. Sigma Planning Corp purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $270,000. Advisory Services Network LLC boosted its stake in shares of Marsh & McLennan Companies by 886.6% during the fourth quarter. Advisory Services Network LLC now owns 8,445 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 7,589 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Marsh & McLennan Companies by 20.8% during the fourth quarter. Victory Capital Management Inc. now owns 304,747 shares of the financial services provider’s stock valued at $34,089,000 after purchasing an additional 52,487 shares during the period. Grimes & Company Inc. boosted its stake in shares of Marsh & McLennan Companies by 9.6% during the fourth quarter. Grimes & Company Inc. now owns 5,984 shares of the financial services provider’s stock valued at $667,000 after purchasing an additional 525 shares during the period. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $4,655,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies stock traded down $4.43 on Thursday, hitting $105.69. 138,379 shares of the stock traded hands, compared to its average volume of 2,648,135. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.51. The firm has a market cap of $55.93 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 5.23 and a beta of 0.90. The business’s fifty day simple moving average is $102.77 and its 200 day simple moving average is $105.13. Marsh & McLennan Companies, Inc. has a 1 year low of $74.33 and a 1 year high of $119.88.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.56 by $0.08. Marsh & McLennan Companies had a return on equity of 30.94% and a net margin of 10.33%. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

A number of analysts recently commented on the company. Wells Fargo & Co dropped their price target on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Raymond James dropped their price target on Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Atlantic Securities raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Tuesday, May 12th. Morgan Stanley raised their price target on Marsh & McLennan Companies from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. Finally, Citigroup dropped their price target on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $108.50.

Marsh & McLennan Companies Company 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.

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

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