5,042 Shares in Marsh & McLennan Companies, Inc. (MMC) Purchased by Vident Investment Advisory LLC

Vident Investment Advisory LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,042 shares of the financial services provider’s stock, valued at approximately $422,000.

Several other large investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Marsh & McLennan Companies by 0.7% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 448,407 shares of the financial services provider’s stock worth $37,581,000 after acquiring an additional 3,049 shares during the period. First Allied Advisory Services Inc. bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $209,000. Alyeska Investment Group L.P. bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $1,699,000. Bishop Rock Capital L.P. boosted its holdings in shares of Marsh & McLennan Companies by 3.2% during the third quarter. Bishop Rock Capital L.P. now owns 73,490 shares of the financial services provider’s stock worth $6,159,000 after acquiring an additional 2,272 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 33.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,197 shares of the financial services provider’s stock worth $1,862,000 after acquiring an additional 5,546 shares during the period. Institutional investors own 85.99% of the company’s stock.

In related news, Director Marc D. Oken purchased 1,235 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average cost of $80.89 per share, for a total transaction of $99,899.15. Following the completion of the purchase, the director now owns 40,120 shares in the company, valued at approximately $3,245,306.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.46% of the company’s stock.

A number of equities research analysts have recently issued reports on MMC shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 price objective on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Wells Fargo & Company set a $91.00 price objective on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Thursday, October 26th. Deutsche Bank cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating and set a $93.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, December 8th. Finally, Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $86.42.

Shares of Marsh & McLennan Companies, Inc. (NYSE MMC) opened at $83.11 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $42,408.11, a P/E ratio of 22.10, a P/E/G ratio of 1.77 and a beta of 1.01. Marsh & McLennan Companies, Inc. has a 12 month low of $66.75 and a 12 month high of $86.54.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Marsh & McLennan Companies had a return on equity of 28.88% and a net margin of 13.86%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. research analysts predict that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year.

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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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