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

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

Cornerstone Investment Partners LLC reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689,652 shares of the financial services provider’s stock after selling 30,414 shares during the period. Marsh & McLennan Companies makes up approximately 2.7% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 19th biggest position. Cornerstone Investment Partners LLC owned 0.14% of Marsh & McLennan Companies worth $55,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MMC. Capital International Investors raised its position in Marsh & McLennan Companies by 54.5% during the third quarter. Capital International Investors now owns 19,177,774 shares of the financial services provider’s stock valued at $1,586,385,000 after purchasing an additional 6,762,637 shares in the last quarter. FMR LLC raised its position in Marsh & McLennan Companies by 33.6% during the third quarter. FMR LLC now owns 7,809,104 shares of the financial services provider’s stock valued at $645,969,000 after purchasing an additional 1,962,468 shares in the last quarter. Deutsche Bank AG raised its position in Marsh & McLennan Companies by 79.1% during the third quarter. Deutsche Bank AG now owns 2,739,980 shares of the financial services provider’s stock valued at $226,646,000 after purchasing an additional 1,209,711 shares in the last quarter. BlackRock Inc. raised its position in Marsh & McLennan Companies by 2.8% during the third quarter. BlackRock Inc. now owns 39,673,471 shares of the financial services provider’s stock valued at $3,281,788,000 after purchasing an additional 1,073,174 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Marsh & McLennan Companies by 13.9% during the third quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock valued at $640,917,000 after purchasing an additional 945,494 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.

Several research analysts have commented on the stock. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. Credit Suisse Group set a $91.00 price objective on shares of Marsh & McLennan Companies and gave the company a “hold” rating in a research report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Wells Fargo & Co restated a “sell” rating on shares of Marsh & McLennan Companies in a research report on Monday, October 8th. Finally, Raymond James cut shares of Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $93.44.

Shares of NYSE MMC traded down $0.67 during midday trading on Friday, reaching $80.79. 79,550 shares of the company were exchanged, compared to its average volume of 1,732,149. The stock has a market cap of $40.74 billion, a PE ratio of 20.62, a PEG ratio of 1.31 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $89.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.26.

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 analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Marsh & McLennan Companies had a net margin of 10.23% and a return on equity of 28.72%. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 4.29 earnings per share for the current fiscal year.

Marsh & McLennan Companies Company 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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