Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.6% during the second quarter, Holdings Channel.com reports. The fund owned 5,201 shares of the financial services provider’s stock after selling 430 shares during the period. Stephens Inc. AR’s holdings in Marsh & McLennan Companies were worth $519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. Lenox Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth about $26,000. Coastal Capital Group Inc. purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $30,000. Capital Advisors Ltd. LLC purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $31,000. Thor Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $37,000. Finally, Zions Bancorporation N.A. purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $42,000. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MMC opened at $97.80 on Thursday. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $103.36. The company’s 50 day moving average price is $100.34 and its 200 day moving average price is $95.80. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $49.93 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.76 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $1.10 earnings per share. Marsh & McLennan Companies’s revenue for the quarter 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 fiscal year.

Several research analysts have recently weighed in on MMC shares. ValuEngine lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research lowered 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 report on Monday, July 1st. Keefe, Bruyette & Woods lowered shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $100.00 to $99.00 in a report on Wednesday, June 12th. 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 report on Wednesday, July 10th. Finally, 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 report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $98.50.

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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