Waverton Investment Management Ltd Sells 7,220 Shares of Marsh & McLennan Companies, Inc. (MMC)

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Waverton Investment Management Ltd lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 451,225 shares of the financial services provider’s stock after selling 7,220 shares during the quarter. Marsh & McLennan Companies makes up 2.2% of Waverton Investment Management Ltd’s portfolio, making the stock its 19th biggest position. Waverton Investment Management Ltd owned 0.09% of Marsh & McLennan Companies worth $35,985,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MMC. Bainco International Investors raised its holdings in shares of Marsh & McLennan Companies by 1.0% in the 2nd quarter. Bainco International Investors now owns 122,163 shares of the financial services provider’s stock valued at $10,014,000 after purchasing an additional 1,240 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Marsh & McLennan Companies by 247.3% in the 2nd quarter. Renaissance Technologies LLC now owns 262,900 shares of the financial services provider’s stock valued at $21,550,000 after purchasing an additional 187,200 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 15.0% in the 2nd quarter. First Republic Investment Management Inc. now owns 41,774 shares of the financial services provider’s stock valued at $3,424,000 after purchasing an additional 5,464 shares in the last quarter. Morgan Stanley raised its holdings in shares of Marsh & McLennan Companies by 2.4% in the 2nd quarter. Morgan Stanley now owns 1,748,156 shares of the financial services provider’s stock valued at $143,298,000 after purchasing an additional 40,200 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 10.0% in the 2nd quarter. Sterling Capital Management LLC now owns 9,933 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 906 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.

Several research firms have recently commented on MMC. Morgan Stanley boosted their price target on shares of Marsh & McLennan Companies from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, November 14th. Wells Fargo & Co set a $93.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 25th. UBS Group cut their price objective on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Credit Suisse Group set a $91.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Finally, Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $93.44.

Shares of Marsh & McLennan Companies stock traded down $0.20 on Monday, reaching $80.95. The stock had a trading volume of 2,969 shares, compared to its average volume of 1,588,750. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.73. Marsh & McLennan Companies, Inc. has a 1 year low of $74.30 and a 1 year high of $89.59. The company has a market cap of $40.74 billion, a P/E ratio of 20.64, a PEG ratio of 1.31 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Marsh & McLennan Companies had a net margin of 10.23% and a return on equity of 28.72%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.45 billion. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.29 EPS for the current fiscal year.

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Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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