Huntington National Bank Reduces Stake in Marsh & McLennan Companies, Inc. (MMC)

Huntington National Bank cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,101 shares of the financial services provider’s stock after selling 7,635 shares during the period. Huntington National Bank’s holdings in Marsh & McLennan Companies were worth $7,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $2,625,000. UBS Asset Management Americas Inc. increased its position in shares of Marsh & McLennan Companies by 15.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 4,802,415 shares of the financial services provider’s stock valued at $324,596,000 after buying an additional 633,049 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,031 shares of the financial services provider’s stock valued at $749,000 after buying an additional 97 shares during the last quarter. Kentucky Retirement Systems acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $2,529,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $1,128,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies, Inc. (NYSE MMC) traded up 0.19% during mid-day trading on Friday, hitting $77.36. 1,864,568 shares of the company were exchanged. The company’s 50-day moving average is $78.37 and its 200 day moving average is $75.43. The company has a market capitalization of $39.65 billion, a P/E ratio of 21.38 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. Marsh & McLennan Companies’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

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Several research analysts recently weighed in on MMC shares. Wells Fargo & Company restated a “buy” rating on shares of Marsh & McLennan Companies in a research report on Thursday, April 27th. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price objective (up previously from $74.00) on shares of Marsh & McLennan Companies in a research report on Friday, April 28th. Deutsche Bank AG boosted their price objective on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $75.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Marsh & McLennan Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.56.

Marsh & McLennan Companies Company 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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