Reliance Trust Co. of Delaware Reduces Stake in Marsh & McLennan Companies, Inc. (MMC)

Reliance Trust Co. of Delaware lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,556 shares of the financial services provider’s stock after selling 225 shares during the period. Reliance Trust Co. of Delaware’s holdings in Marsh & McLennan Companies were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC raised its position in Marsh & McLennan Companies by 4.1% in the fourth quarter. Highbridge Capital Management LLC now owns 26,900 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 1,061 shares during the last quarter. Lau Associates LLC purchased a new stake in Marsh & McLennan Companies during the first quarter worth $233,000. Chevy Chase Trust Holdings Inc. increased its stake in Marsh & McLennan Companies by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 445,376 shares of the financial services provider’s stock worth $32,908,000 after buying an additional 13,599 shares during the period. CENTRAL TRUST Co increased its stake in Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock worth $111,000 after buying an additional 102 shares during the period. Finally, Fulton Bank N.A. purchased a new stake in Marsh & McLennan Companies during the first quarter worth $201,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies, Inc. (MMC) opened at 77.36 on Friday. The firm has a 50-day moving average of $78.37 and a 200 day moving average of $75.43. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $81.00. The company has a market capitalization of $39.65 billion, a PE ratio of 21.38 and a beta of 0.98.

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 forecast that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on MMC shares. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Tuesday, June 27th. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a report on Friday, June 9th. 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. Finally, Citigroup Inc. upped their target price on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Marsh & McLennan Companies presently 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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