Conning Inc. Has $4.35 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Conning Inc. reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,833 shares of the financial services provider's stock after selling 3,114 shares during the quarter. Conning Inc.'s holdings in Marsh & McLennan Companies were worth $4,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock worth $9,503,120,000 after buying an additional 356,618 shares in the last quarter. Geode Capital Management LLC lifted its position in Marsh & McLennan Companies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock worth $2,554,841,000 after buying an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Marsh & McLennan Companies by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock worth $2,156,179,000 after purchasing an additional 96,750 shares in the last quarter. Northern Trust Corp lifted its position in shares of Marsh & McLennan Companies by 14.0% during the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after purchasing an additional 726,713 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $1,236,186,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group upped their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Trading Down 0.1%

MMC traded down $0.30 during mid-day trading on Friday, hitting $212.43. The stock had a trading volume of 1,711,836 shares, compared to its average volume of 1,966,173. The stock's fifty day simple moving average is $223.77 and its 200-day simple moving average is $224.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $104.67 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. During the same quarter last year, the business posted $2.89 EPS. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.