Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 89.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,064 shares of the financial services provider’s stock after selling 70,069 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Marsh & McLennan Companies were worth $629,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Accident Compensation Corp raised its holdings in shares of Marsh & McLennan Companies by 8.5% in the 1st quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock valued at $6,013,000 after purchasing an additional 6,400 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of Marsh & McLennan Companies by 2.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 8,677 shares of the financial services provider’s stock worth $676,000 after buying an additional 217 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Marsh & McLennan Companies by 47.5% in the 1st quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock worth $11,441,000 after buying an additional 49,850 shares during the last quarter. M&T Bank Corp grew its position in shares of Marsh & McLennan Companies by 25.2% in the 1st quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock worth $6,454,000 after buying an additional 17,572 shares during the last quarter. Finally, PICTET BANK & TRUST Ltd purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $1,454,000. Institutional investors and hedge funds own 84.87% of the company’s stock.

In other news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the transaction, the senior vice president now owns 68,427 shares of the company’s stock, valued at approximately $5,290,091.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.46% of the stock is owned by company insiders.

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Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down 0.04% during mid-day trading on Friday, hitting $81.17. 592,291 shares of the stock traded hands. The stock has a 50 day moving average price of $78.34 and a 200-day moving average price of $76.39. The company has a market cap of $41.60 billion, a P/E ratio of 22.43 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a one year low of $62.33 and a one year high of $82.86.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the business earned $0.91 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current fiscal year.

Several analysts have recently commented on MMC shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, July 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Citigroup Inc. upped their price objective on shares of Marsh & McLennan Companies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Buy” and a consensus price target 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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