Public Employees Retirement Association of Colorado Cuts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Public Employees Retirement Association of Colorado trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 91,572 shares of the financial services provider’s stock after selling 3,080 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Marsh & McLennan Companies were worth $9,134,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MMC. Cornerstone Advisors Inc. lifted its stake in shares of Marsh & McLennan Companies by 6.4% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,920 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 116 shares during the period. Buckley Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 3.2% in the 2nd quarter. Buckley Wealth Management LLC now owns 3,729 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 116 shares during the period. Signaturefd LLC lifted its stake in shares of Marsh & McLennan Companies by 3.6% in the 2nd quarter. Signaturefd LLC now owns 3,356 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 116 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 3.0% in the 1st quarter. Global Retirement Partners LLC now owns 4,279 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 123 shares during the period. Finally, Destination Wealth Management lifted its stake in shares of Marsh & McLennan Companies by 11.1% in the 1st quarter. Destination Wealth Management now owns 1,455 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 145 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on MMC. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Morgan Stanley increased their price objective on shares of Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday. ValuEngine cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a research note on Monday, July 1st. Two research 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. Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $98.50.

NYSE MMC opened at $97.25 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $103.36. The stock has a market cap of $50.24 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.77 and a beta of 0.77. The company’s 50 day moving average is $100.58 and its two-hundred day moving average is $95.66. 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 released its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. Marsh & McLennan Companies had a net margin of 9.45% and a return on equity of 29.72%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the business earned $1.10 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current year.

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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