Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Vestor Capital LLC

Vestor Capital LLC lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 730 shares of the financial services provider’s stock after selling 130 shares during the quarter. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $73,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lenox Wealth Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $26,000. Coastal Capital Group Inc. acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $30,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $31,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Marsh & McLennan Companies by 2,385.7% during the second quarter. Cullen Frost Bankers Inc. now owns 348 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Zacks Investment Research cut 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. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $100.00 to $99.00 in a report on Wednesday, June 12th. Finally, UBS Group lifted their target price on Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $98.50.

Marsh & McLennan Companies stock traded down $2.13 during midday trading on Friday, reaching $96.04. The stock had a trading volume of 39,185 shares, compared to its average volume of 1,625,422. Marsh & McLennan Companies, Inc. has a twelve month low of $74.30 and a twelve month high of $103.36. The stock has a market capitalization of $49.72 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. 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 stock’s 50-day simple moving average is $100.24 and its 200 day simple moving average is $95.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current fiscal 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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