Carnegie Investment Counsel Lowers Holdings in Marsh & McLennan Companies, Inc. $MMC

Carnegie Investment Counsel lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,020 shares of the financial services provider’s stock after selling 6,375 shares during the period. Carnegie Investment Counsel’s holdings in Marsh & McLennan Companies were worth $19,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC lifted its stake in Marsh & McLennan Companies by 225.1% during the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after purchasing an additional 727,714 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after acquiring an additional 837,117 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Marsh & McLennan Companies by 18.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after purchasing an additional 34,400 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares during the period. Finally, Shell Asset Management Co. increased its stake in Marsh & McLennan Companies by 48.6% during the 2nd quarter. Shell Asset Management Co. now owns 8,577 shares of the financial services provider’s stock worth $1,875,000 after buying an additional 2,806 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on MMC shares. Mizuho initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective on the stock. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Finally, Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $222.35.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Down 0.3%

Shares of MMC stock opened at $187.10 on Friday. The stock has a 50 day simple moving average of $183.04 and a two-hundred day simple moving average of $198.62. The company has a market cap of $91.66 billion, a P/E ratio of 22.43, a PEG ratio of 3.22 and a beta of 0.75. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.