Accident Compensation Corp Boosts Holdings in Marsh & McLennan Companies, Inc. (MMC)

Accident Compensation Corp raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,636 shares of the financial services provider’s stock after acquiring an additional 1,256 shares during the quarter. Marsh & McLennan Companies makes up approximately 1.7% of Accident Compensation Corp’s holdings, making the stock its 15th largest position. Accident Compensation Corp’s holdings in Marsh & McLennan Companies were worth $6,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MMC. Carroll Financial Associates Inc. boosted its position in Marsh & McLennan Companies by 21.8% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,301 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 233 shares in the last quarter. Tompkins Financial Corp boosted its position in Marsh & McLennan Companies by 10.9% during the 2nd quarter. Tompkins Financial Corp now owns 1,370 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 135 shares in the last quarter. Grove Bank & Trust boosted its position in Marsh & McLennan Companies by 5.6% during the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 85 shares in the last quarter. CWM LLC boosted its position in Marsh & McLennan Companies by 0.7% during the 2nd quarter. CWM LLC now owns 1,774 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 13 shares in the last quarter. Finally, Orrstown Financial Services Inc. boosted its position in Marsh & McLennan Companies by 11.3% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,797 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 182 shares in the last quarter. 84.87% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP E Scott Gilbert sold 30,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the transaction, the senior vice president now directly owns 68,427 shares in the company, valued at $5,290,091.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.46% of the stock is currently owned by company insiders.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded up 0.15% during mid-day trading on Friday, hitting $81.32. The stock had a trading volume of 3,359,437 shares. The stock has a market cap of $41.68 billion, a P/E ratio of 22.47 and a beta of 0.98. The company’s 50 day moving average is $78.45 and its 200-day moving average is $76.45. Marsh & McLennan Companies, Inc. has a 52-week low of $62.33 and a 52-week high of $82.86.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post $3.80 earnings per share for the current fiscal year.

MMC has been the topic of several research reports. BidaskClub cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $83.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, June 9th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Tuesday, June 27th. Barclays PLC lifted their price objective on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.56.

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Marsh & McLennan Companies Company Profile

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.

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

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