Louisiana State Employees Retirement System lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,400 shares of the financial services provider’s stock after selling 3,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Marsh & McLennan Companies were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Hengehold Capital Management LLC bought a new stake in Marsh & McLennan Companies during the third quarter valued at about $244,000. Boston Private Wealth LLC boosted its holdings in Marsh & McLennan Companies by 3.3% in the third quarter. Boston Private Wealth LLC now owns 159,242 shares of the financial services provider’s stock worth $13,172,000 after acquiring an additional 5,101 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Marsh & McLennan Companies by 1,046.0% in the second quarter. Rehmann Capital Advisory Group now owns 3,461 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 3,159 shares in the last quarter. Deutsche Bank AG boosted its holdings in Marsh & McLennan Companies by 79.1% in the third quarter. Deutsche Bank AG now owns 2,739,980 shares of the financial services provider’s stock worth $226,646,000 after acquiring an additional 1,209,711 shares in the last quarter. Finally, Daiwa SB Investments Ltd. boosted its holdings in Marsh & McLennan Companies by 9.1% in the third quarter. Daiwa SB Investments Ltd. now owns 7,670 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 640 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on MMC shares. Citigroup lowered their price target on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 20th. Zacks Investment Research downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Wells Fargo & Co set a $93.00 price target on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Thursday, October 25th. Morgan Stanley raised their price target on Marsh & McLennan Companies from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, November 14th. Finally, Raymond James downgraded Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.70.

Shares of NYSE:MMC opened at $81.68 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $74.30 and a 52-week high of $89.59. The stock has a market capitalization of $41.05 billion, a PE ratio of 20.84, a PEG ratio of 1.32 and a beta of 0.85. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 1.26.

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

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About Marsh & McLennan Companies

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.

Further Reading: Earnings Per Share

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

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