As Marsh & Mclennan Cos INC (MMC) Shares Rose, Shareholder Zacks Investment Management Upped Stake

July 17, 2017 - By Louis Casey

Investors sentiment decreased to 1.18 in Q4 2016. Its down 0.02, from 1.2 in 2016Q3. It turned negative, as 28 investors sold MMC shares while 218 reduced holdings. 78 funds opened positions while 213 raised stakes. 423.00 million shares or 0.21% more from 422.10 million shares in 2016Q3 were reported. 207 were accumulated by Magellan Asset Ltd. Ancora Advsrs Lc holds 1,000 shares or 0% of its portfolio. Sumitomo Life Ins Company has 0.32% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 32,870 shares. 6,250 are owned by Mayo Advisers Limited Liability. Hudson Valley Invest Advsr Adv holds 19,698 shares or 0.39% of its portfolio. Shell Asset Mngmt Co reported 66,428 shares or 0.12% of all its holdings. Moreover, Eaton Vance has 0.06% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 291,591 shares. Forbes J M And Ltd Liability Partnership has 3,600 shares. Gideon Advsr owns 8,959 shares. Assetmark invested 0.22% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Cibc World Markets Inc reported 8,162 shares stake. Nichols Asset Mgmt Ltd Liability Corporation invested in 3.13% or 23,610 shares. Webster Bancshares N A, Connecticut-based fund reported 220 shares. 2,140 were reported by Salem Inv Counselors. 389,432 were reported by National Pension Serv.

Since February 6, 2017, it had 0 buys, and 10 sales for $94.64 million activity. Another trade for 28,913 shares valued at $2.15 million was sold by Zaffino Peter. Another trade for 184,305 shares valued at $13.64 million was made by Ledford Laurie on Tuesday, May 16. Glaser Daniel S sold $35.74M worth of stock. Shares for $6.46M were sold by Beshar Peter J on Friday, March 3. McDonald Scott also sold $141,744 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) shares. Gilbert E Scott sold 41,474 shares worth $3.02M. Shares for $517,952 were sold by RAPPORT ROBERT J on Monday, March 13.

Zacks Investment Management increased its stake in Marsh & Mclennan Cos Inc (MMC) by 7.96% based on its latest 2016Q4 regulatory filing with the SEC. Zacks Investment Management bought 51,444 shares as the company’s stock rose 1.48% with the market. The institutional investor held 697,514 shares of the finance company at the end of 2016Q4, valued at $47.15M, up from 646,070 at the end of the previous reported quarter. Zacks Investment Management who had been investing in Marsh & Mclennan Cos Inc for a number of months, seems to be bullish on the $40.70B market cap company. It closed at $78.86 lastly. It is down 16.25% since July 17, 2016 and is uptrending. It has underperformed by 0.45% the S&P500.

Zacks Investment Management, which manages about $3.45 billion and $3.48 billion US Long portfolio, decreased its stake in American Elec Pwr Inc (NYSE:AEP) by 86,058 shares to 462,361 shares, valued at $29.11M in 2016Q4, according to the filing. It also reduced its holding in Dow Chem Co (NYSE:DOW) by 819,225 shares in the quarter, leaving it with 232,296 shares, and cut its stake in Ishares Tr (LQD).

More recent Marsh & McLennan Companies, Inc. (NYSE:MMC) news were published by: Streetinsider.com which released: “Marsh & McLennan (MMC) Subsidiary Mercer Announces Equity Investment in …” on July 12, 2017. Also Nasdaq.com published the news titled: “Marsh & McLennan’s (MMC) Unit Launches New Digital Offering” on July 11, 2017. Nasdaq.com‘s news article titled: “Marsh & McLennan Companies, Inc. (MMC) Ex-Dividend Date Scheduled for July 07 …” with publication date: July 06, 2017 was also an interesting one.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Ratings Coverage

Among 11 analysts covering Marsh & McLennan (NYSE:MMC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Marsh & McLennan had 17 analyst reports since September 8, 2015 according to SRatingsIntel. Credit Suisse downgraded it to “Neutral” rating and $54.0 target in Monday, January 11 report. RBC Capital Markets maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Friday, February 5. RBC Capital Markets has “Outperform” rating and $61 target. Keefe Bruyette & Woods upgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Wednesday, January 13. Keefe Bruyette & Woods has “Outperform” rating and $61 target. BMO Capital Markets upgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Friday, November 4. BMO Capital Markets has “Outperform” rating and $76 target. The rating was maintained by Jefferies with “Hold” on Friday, June 16. The firm has “Buy” rating given on Friday, June 2 by Keefe Bruyette & Woods. The firm has “Neutral” rating given on Friday, April 29 by M Partners. On Thursday, July 13 the stock rating was maintained by Citigroup with “Buy”. Sterne Agee CRT initiated Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, September 21 with “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $8000 target in Monday, July 10 report.

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