Citizens Financial Group Inc RI Has $10.83 Million Stake in Marsh & McLennan Companies, Inc. (MMC)

Citizens Financial Group Inc RI decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,913 shares of the financial services provider’s stock after selling 3,987 shares during the period. Citizens Financial Group Inc RI’s holdings in Marsh & McLennan Companies were worth $10,829,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MMC. Trust Co. of Vermont boosted its holdings in shares of Marsh & McLennan Companies by 1.4% in the first quarter. Trust Co. of Vermont now owns 4,909 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 69 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Marsh & McLennan Companies by 2.0% in the first quarter. Xact Kapitalforvaltning AB now owns 65,973 shares of the financial services provider’s stock valued at $4,875,000 after acquiring an additional 1,302 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 37.5% in the first quarter. Pictet Asset Management Ltd. now owns 454,507 shares of the financial services provider’s stock valued at $33,584,000 after acquiring an additional 123,978 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Marsh & McLennan Companies by 26.4% in the first quarter. Swiss National Bank now owns 1,826,963 shares of the financial services provider’s stock valued at $134,994,000 after acquiring an additional 381,400 shares in the last quarter. Finally, World Asset Management Inc boosted its holdings in shares of Marsh & McLennan Companies by 18.9% in the first quarter. World Asset Management Inc now owns 57,600 shares of the financial services provider’s stock valued at $4,256,000 after acquiring an additional 9,161 shares in the last quarter. 84.87% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on MMC shares. BidaskClub downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $83.00 target price on shares of Marsh & McLennan Companies in a report on Friday, June 9th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, June 27th. Barclays PLC lifted their target price on shares of Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. 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 company’s stock. Marsh & McLennan Companies currently has an average rating of “Buy” and an average target price of $81.56.

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

Shares of Marsh & McLennan Companies, Inc. (MMC) traded up 0.18% during mid-day trading on Tuesday, hitting $81.35. 503,888 shares of the company traded hands. The firm has a 50-day moving average price of $78.15 and a 200 day moving average price of $76.22. The firm has a market cap of $41.69 billion, a price-to-earnings ratio of 22.48 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $82.33.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. Marsh & McLennan Companies’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year.

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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.

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

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