Loeb Partners Corp Has $8.32 Million Position in Marsh & McLennan Companies, Inc. (MMC)

Loeb Partners Corp raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,750 shares of the financial services provider’s stock after buying an additional 13,400 shares during the period. Marsh & McLennan Companies comprises approximately 2.4% of Loeb Partners Corp’s investment portfolio, making the stock its 7th largest position. Loeb Partners Corp’s holdings in Marsh & McLennan Companies were worth $8,323,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. IBM Retirement Fund increased its stake in shares of Marsh & McLennan Companies by 116.5% in the second quarter. IBM Retirement Fund now owns 12,575 shares of the financial services provider’s stock worth $1,095,000 after buying an additional 6,768 shares in the last quarter. NGAM Advisors L.P. increased its stake in shares of Marsh & McLennan Companies by 8.2% in the second quarter. NGAM Advisors L.P. now owns 70,733 shares of the financial services provider’s stock worth $5,515,000 after buying an additional 5,358 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of Marsh & McLennan Companies by 14.4% in the second quarter. Sumitomo Life Insurance Co. now owns 37,433 shares of the financial services provider’s stock worth $2,918,000 after buying an additional 4,698 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $585,000. Finally, Shell Asset Management Co. increased its stake in shares of Marsh & McLennan Companies by 0.4% in the second quarter. Shell Asset Management Co. now owns 68,420 shares of the financial services provider’s stock worth $5,334,000 after buying an additional 257 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 77.36 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $81.00. The stock has a 50 day moving average price of $78.37 and a 200 day moving average price of $75.43. 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 (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

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A number of brokerages have recently commented on MMC. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Marsh & McLennan Companies in a research 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 downgraded 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 reissued a “buy” rating and set a $85.00 price target 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 given a buy rating to the company. The company currently has an average rating of “Buy” and an average 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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