Corient Capital Partners LLC Has $1.75 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Corient Capital Partners LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,498 shares of the financial services provider’s stock after buying an additional 548 shares during the period. Corient Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,746,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lenox Wealth Advisors LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at approximately $26,000. Coastal Capital Group Inc. purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $30,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth approximately $31,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Marsh & McLennan Companies by 2,385.7% during the second quarter. Cullen Frost Bankers Inc. now owns 348 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Several analysts recently commented on the company. UBS Group boosted their price target on Marsh & McLennan Companies from $98.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. ValuEngine cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $100.00 to $99.00 in a report on Wednesday, June 12th. Morgan Stanley upped their price target on Marsh & McLennan Companies from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $98.50.

Marsh & McLennan Companies stock opened at $99.11 on Friday. The company has a market capitalization of $49.66 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.18. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $103.36. The stock has a fifty day moving average of $98.97 and a two-hundred day moving average of $96.62.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.05. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 EPS for the current fiscal year.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients 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; and insurance program management services.

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

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