Marsh & Mclennan Companies (NYSE:MMC).
Bowen Hanes & Co Inc reports that it sold 25,000 shares last quarter decreasing its holdings in Marsh & Mclennan Companies by 8.6%. Its investment was worth $22,188,000 a decrease of $400,000 according to the filing.
The following firms have recently changed their position in MMC. Tredje Ap-fonden downsized its investment by selling 2,686 shares a decrease of 4.0%. Tredje Ap-fonden now controls 64,107 shares valued at $5,373,000. The total value of its holdings increased 3.2%. As of the end of the quarter Baird Financial Group, Inc. had acquired 24,021 shares growing its stake by 13.9%. The value of the company’s investment in Marsh & Mclennan Companies increased from $13,488,000 to $16,513,000 a change of 22.4% since the last quarter.
Raymond James & Associates bolstered its ownership by buying 1,175 shares an increase of 0.5% as of 09/30/2017. Raymond James & Associates currently owns 257,197 shares with a value of $21,556,000. The value of the position overall is up by 8.0%.
On October 29 Keefe, Bruyette & Woods made no change to the company rating of “Buy” projecting a price of $88.00. On October 29, 2017 Jefferies Group LLC maintained a “Hold” rating on the company.
On October 26 analysts at Wells Fargo & Company updated its forecast on MMC with a rating of “Buy” and a price target of $91.00. Barclays PLC raised the price target on October 16 boosting the projection from $92.00 to $93.00 and issued a “Overweight” rating.
October 3 investment analysts at Royal Bank Of Canada maintained a stock rating of “Buy” targeting a price of $85.00.
The company is so far trading down since yesterday’s close of 83.6. The P/E ratio is currently 22.84 and market cap is 42.52B. In the last earnings report the EPS was $3.65 with 510.36M shares currently outstanding.
Short traders are feeling a little more bullish on the company lately if you consider the change in short interest. The firm saw a fall in short interest of -12.45% between September 29, 2017 and October 13, 2017. Short shares fell 783,251 over that period. With short interest at 5,509,054 and short average daily volume at 1,345,002, days to cover is 4.0 and the percentage of shorted shares was 0.01% on October 13.