Bp Plc Has $5,067,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

BP PLC continued to hold its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 65,000 shares of the financial services provider’s stock at the end of the second quarter. BP PLC’s holdings in Marsh & McLennan Companies were worth $5,067,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Advisor Partners LLC boosted its stake in Marsh & McLennan Companies by 53.4% in the second quarter. Advisor Partners LLC now owns 11,218 shares of the financial services provider’s stock valued at $875,000 after buying an additional 3,907 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Marsh & McLennan Companies by 3.3% in the second quarter. Pictet Asset Management Ltd. now owns 469,685 shares of the financial services provider’s stock valued at $36,428,000 after buying an additional 15,178 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Marsh & McLennan Companies by 0.4% in the second quarter. Retirement Systems of Alabama now owns 249,863 shares of the financial services provider’s stock valued at $19,479,000 after buying an additional 918 shares in the last quarter. IFP Advisors Inc boosted its stake in Marsh & McLennan Companies by 0.3% in the second quarter. IFP Advisors Inc now owns 5,578 shares of the financial services provider’s stock valued at $435,000 after buying an additional 18 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Marsh & McLennan Companies by 1.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 49,881 shares of the financial services provider’s stock valued at $3,889,000 after buying an additional 933 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 77.36 on Friday. The firm’s 50 day moving average is $78.37 and its 200-day moving average is $75.43. The firm has a market cap of $39.65 billion, a price-to-earnings ratio of 21.38 and a beta of 0.98. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. Marsh & McLennan Companies had a net margin of 13.97% and a return on equity of 28.56%. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the firm posted $0.91 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current year.

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MMC has been the topic of several analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $83.00 price target on shares of Marsh & McLennan Companies in a research report on Friday. BidaskClub cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, July 28th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $81.56.

About Marsh & McLennan Companies

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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