Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 45.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,650 shares of the financial services provider’s stock after selling 19,650 shares during the period. Daiwa Securities Group Inc.’s holdings in Marsh & McLennan Companies were worth $1,844,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in Marsh & McLennan Companies by 5.6% in the second quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after buying an additional 85 shares during the last quarter. Lourd Capital LLC increased its position in Marsh & McLennan Companies by 1.2% in the second quarter. Lourd Capital LLC now owns 2,840 shares of the financial services provider’s stock valued at $221,000 after buying an additional 35 shares during the last quarter. Bbva Compass Bancshares Inc. increased its position in Marsh & McLennan Companies by 1.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 73,587 shares of the financial services provider’s stock valued at $5,737,000 after buying an additional 1,095 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Marsh & McLennan Companies by 37.7% in the second quarter. Great West Life Assurance Co. Can now owns 638,109 shares of the financial services provider’s stock valued at $49,667,000 after buying an additional 174,804 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Marsh & McLennan Companies by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 27,342 shares of the financial services provider’s stock valued at $2,132,000 after buying an additional 998 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Marsh & McLennan Companies, Inc. (MMC) traded up 0.19% during mid-day trading on Friday, hitting $77.36. The stock had a trading volume of 1,864,568 shares. The stock has a market cap of $39.65 billion, a P/E ratio of 21.38 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $81.00. The firm has a 50-day moving average of $78.37 and a 200-day moving average of $75.43.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

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Several research firms have commented on MMC. Keefe, Bruyette & Woods restated a “buy” rating and set a $83.00 price objective on shares of Marsh & McLennan Companies in a report on Friday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. BidaskClub cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Marsh & McLennan Companies currently has a consensus rating of “Buy” and a consensus target price of $81.56.

About Marsh & McLennan Companies

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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