Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 689,652 shares of the financial services provider’s stock after selling 30,414 shares during the quarter. Marsh & McLennan Companies accounts for about 2.7% of Cornerstone Investment Partners LLC’s holdings, making the stock its 19th biggest position. Cornerstone Investment Partners LLC’s holdings in Marsh & McLennan Companies were worth $55,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Marsh & McLennan Companies by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 86,493 shares of the financial services provider’s stock valued at $6,895,000 after purchasing an additional 386 shares during the period. Tower View Investment Management & Research LLC raised its holdings in shares of Marsh & McLennan Companies by 1.1% during the fourth quarter. Tower View Investment Management & Research LLC now owns 30,023 shares of the financial services provider’s stock valued at $2,394,000 after purchasing an additional 338 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Marsh & McLennan Companies by 6.8% during the third quarter. Belpointe Asset Management LLC now owns 5,185 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 328 shares during the period. Vanguard Group Inc raised its holdings in shares of Marsh & McLennan Companies by 0.6% during the third quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after purchasing an additional 218,725 shares during the period. Finally, IMS Capital Management acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $50,000. 86.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of MMC traded down $0.67 on Friday, reaching $80.79. The company’s stock had a trading volume of 79,550 shares, compared to its average volume of 1,732,149. 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, Inc. has a twelve month low of $74.30 and a twelve month high of $89.59. The firm has a market capitalization of $40.74 billion, a PE ratio of 20.62, a P/E/G ratio of 1.31 and a beta of 0.85.

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

MMC has been the topic of several research reports. Citigroup dropped their price objective on shares of Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, September 20th. Raymond James lowered shares of Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a report on Tuesday, September 25th. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Wells Fargo & Co restated a “sell” rating on shares of Marsh & McLennan Companies in a report on Monday, October 8th. Finally, Credit Suisse Group set a $91.00 target price on shares of Marsh & McLennan Companies and gave the stock a “hold” rating in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $93.44.

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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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