Usca Ria LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 94.6% during the second quarter, Holdings Channel reports. The institutional investor owned 2,590 shares of the financial services provider’s stock after selling 45,340 shares during the quarter. Usca Ria LLC’s holdings in Marsh & McLennan Companies were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $100,000. Kaizen Advisory LLC boosted its stake in shares of Marsh & McLennan Companies by 152.0% in the 2nd quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock worth $102,000 after buying an additional 751 shares during the last quarter. McKinley Carter Wealth Services Inc. purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $127,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Marsh & McLennan Companies by 87.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,914 shares of the financial services provider’s stock worth $158,000 after buying an additional 895 shares during the last quarter. Finally, Darrell & King LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $203,000. Hedge funds and other institutional investors own 85.55% of the company’s stock.

NYSE:MMC opened at $83.56 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $42.42 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.56 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $76.68 and a 12 month high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Marsh & McLennan Companies had a net margin of 11.13% and a return on equity of 29.26%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 4.3 EPS for the current year.

A number of equities analysts have recently weighed in on MMC shares. Citigroup boosted their target price on Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Credit Suisse Group started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 price target on the stock. Bank of America cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $94.00 to $93.00 in a report on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.36.

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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