Wilkins Investment Counsel Inc. Maintains Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wilkins Investment Counsel Inc. held its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the financial services provider’s stock at the close of the second quarter. Wilkins Investment Counsel Inc.’s holdings in Marsh & McLennan Companies were worth $780,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Accident Compensation Corp grew its stake in Marsh & McLennan Companies by 8.5% during the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock valued at $6,013,000 after acquiring an additional 6,400 shares in the last quarter. Great Lakes Advisors LLC grew its stake 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 in the last quarter. Toronto Dominion Bank grew its stake 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 in the last quarter. M&T Bank Corp grew its stake 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 in the last quarter. Finally, PICTET BANK & TRUST Ltd purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth $1,454,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.26% during midday trading on Friday, hitting $81.41. 1,027,949 shares of the stock were exchanged. The firm has a market cap of $41.72 billion, a PE ratio of 22.50 and a beta of 0.98. The firm has a 50-day moving average price of $78.34 and a 200 day moving average price of $76.39. Marsh & McLennan Companies, Inc. has a 12-month low of $62.33 and a 12-month high of $82.86.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The firm’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 predict that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current fiscal year.

In other news, SVP E Scott Gilbert sold 30,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.46% of the company’s stock.

MMC has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $83.00 price objective 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 note on Tuesday, June 27th. Barclays PLC boosted their target price on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $81.56.

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Marsh & McLennan Companies 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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