Transamerica Financial Advisors Has Lifted By $8.08 Million Its Marsh & Mclennan Cos (MMC) Stake; Alliancebernstein Global High Income Fund Has 1.21 Sentiment

November 14, 2017 - By Michael Collier

Transamerica Financial Advisors Inc increased Marsh & Mclennan Cos Inc (MMC) stake by 524555% reported in 2017Q2 SEC filing. Transamerica Financial Advisors Inc acquired 104,911 shares as Marsh & Mclennan Cos Inc (MMC)’s stock rose 1.48%. The Transamerica Financial Advisors Inc holds 104,931 shares with $8.18 million value, up from 20 last quarter. Marsh & Mclennan Cos Inc now has $42.68 billion valuation. The stock rose 0.75% or $0.62 reaching $83.62 per share. About 946,371 shares traded. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 16.25% since November 14, 2016 and is uptrending. It has underperformed by 0.45% the S&P500.

AllianceBernstein Global High Income Fund, Inc. is a diversified, closed-end management investment company. The company has market cap of $1.07 billion. The Fund seeks high current income, and secondarily, capital appreciation. It currently has negative earnings. The Fund invests without limit in securities denominated in non-united States currencies, as well as those denominated in the US dollar.

Among 13 analysts covering Marsh & McLennan (NYSE:MMC), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Marsh & McLennan had 28 analyst reports since September 8, 2015 according to SRatingsIntel. As per Monday, July 10, the company rating was maintained by RBC Capital Markets. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) earned “Buy” rating by Wells Fargo on Thursday, July 27. On Friday, June 16 the stock rating was maintained by Jefferies with “Hold”. On Wednesday, January 13 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The firm has “Hold” rating given on Tuesday, September 5 by Jefferies. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) has “Hold” rating given on Friday, October 13 by Jefferies. The company was maintained on Monday, August 28 by RBC Capital Markets. Wells Fargo maintained the shares of MMC in report on Friday, April 28 with “Buy” rating. Sandler O’Neill upgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, November 7 to “Buy” rating. Bank of America upgraded the stock to “Buy” rating in Friday, January 27 report.

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.08, from 0.89 in 2017Q1. It improved, as 36 investors sold MMC shares while 239 reduced holdings. 71 funds opened positions while 195 raised stakes. 420.82 million shares or 1.31% less from 426.39 million shares in 2017Q1 were reported. Robecosam Ag reported 0.01% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Private Ocean Llc invested 0.01% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Ubs Asset Americas, Illinois-based fund reported 6.47 million shares. Neuberger Berman Gru Ltd owns 0.02% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 160,347 shares. Hartford Management holds 183,624 shares or 0.28% of its portfolio. Evercore Wealth Ltd Liability has invested 0.03% in Marsh & McLennan Companies, Inc. (NYSE:MMC). 35 were accumulated by First Interstate National Bank. Commonwealth Equity Ser owns 23,507 shares. American Century Inc stated it has 1.82M shares. Oppenheimer & Company Inc holds 0.03% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 15,084 shares. Private Tru Na invested 0.11% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Regentatlantic Cap Lc invested in 17,372 shares. Atlantic Group Limited Liability Corporation reported 31,260 shares. Invesco Ltd has 0.13% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC). Savings Bank Of The West stated it has 2,799 shares.

Transamerica Financial Advisors Inc decreased Vanguard Charlotte Fds (BNDX) stake by 22,190 shares to 289,774 valued at $15.75M in 2017Q2. It also reduced Select Sector Spdr Tr (XLI) stake by 7,844 shares and now owns 23,115 shares. Dollar Gen Corp New (NYSE:DG) was reduced too.

Mcgowan Group Asset Management Inc. holds 7.38% of its portfolio in AllianceBernstein Global Hgh Incm Fd Inc for 2.79 million shares. Shaker Financial Services Llc owns 140,603 shares or 1.02% of their US portfolio. Moreover, Brick & Kyle Associates has 0.8% invested in the company for 72,145 shares. The Georgia-based Vident Investment Advisory Llc has invested 0.42% in the stock. Seabridge Investment Advisors Llc, a New Jersey-based fund reported 120,835 shares.

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