Nordea Investment Management AB Sells 95,400 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nordea Investment Management AB trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 871,285 shares of the financial services provider's stock after selling 95,400 shares during the period. Nordea Investment Management AB owned 0.18% of Marsh & McLennan Companies worth $184,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. raised its stake in Marsh & McLennan Companies by 63.5% in the 4th quarter. Everence Capital Management Inc. now owns 16,120 shares of the financial services provider's stock valued at $3,424,000 after acquiring an additional 6,260 shares during the period. GAMMA Investing LLC raised its position in shares of Marsh & McLennan Companies by 21.7% in the fourth quarter. GAMMA Investing LLC now owns 4,704 shares of the financial services provider's stock valued at $999,000 after purchasing an additional 839 shares during the period. Versant Capital Management Inc lifted its stake in shares of Marsh & McLennan Companies by 37.3% during the 4th quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider's stock worth $158,000 after buying an additional 202 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after buying an additional 184,239 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Marsh & McLennan Companies by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 839,757 shares of the financial services provider's stock valued at $187,341,000 after acquiring an additional 24,624 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

NYSE MMC traded up $1.36 during trading on Tuesday, hitting $209.84. 1,443,652 shares of the company's stock were exchanged, compared to its average volume of 1,370,863. The stock's 50 day moving average price is $220.06 and its two-hundred day moving average price is $221.17. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $103.06 billion, a PE ratio of 25.84, a P/E/G ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on MMC shares. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. Bank of America increased their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Barclays upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a "sell" rating in a report on Friday, October 18th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus target price of $228.47.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company's stock.

About Marsh & McLennan Companies

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.