Investec Asset Management LTD Has Raised Marsh & Mclennan Cos (MMC) Position By $15.60 Million; Convergence Investment Partners Has Increased Amgen (AMGN) Position By $2.01 Million

January 19, 2018 - By Henry Gaston

Convergence Investment Partners Llc increased Amgen Inc (AMGN) stake by 32.14% reported in 2017Q3 SEC filing. Convergence Investment Partners Llc acquired 10,795 shares as Amgen Inc (AMGN)’s stock declined 9.68%. The Convergence Investment Partners Llc holds 44,382 shares with $8.28 million value, up from 33,587 last quarter. Amgen Inc now has $136.99 billion valuation. The stock increased 0.60% or $1.125 during the last trading session, reaching $188.715. About 1.22M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since January 19, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Investec Asset Management Ltd increased Marsh & Mclennan Cos Inc (MMC) stake by 71.79% reported in 2017Q3 SEC filing. Investec Asset Management Ltd acquired 187,908 shares as Marsh & Mclennan Cos Inc (MMC)’s stock rose 1.48%. The Investec Asset Management Ltd holds 449,641 shares with $37.68 million value, up from 261,733 last quarter. Marsh & Mclennan Cos Inc now has $41.86B valuation. The stock increased 0.56% or $0.46 during the last trading session, reaching $82.02. About 616,169 shares traded. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 16.25% since January 19, 2017 and is uptrending. It has underperformed by 0.45% the S&P500.

Since August 21, 2017, it had 0 insider buys, and 2 insider sales for $53.53 million activity. The insider Gilbert E Scott sold $2.32 million. 618,557 shares were sold by Glaser Daniel S, worth $51.21M on Monday, December 18.

Among 15 analysts covering Marsh & McLennan (NYSE:MMC), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Marsh & McLennan had 33 analyst reports since September 8, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, October 4 by Deutsche Bank. The company was initiated on Monday, September 21 by Sterne Agee CRT. Keefe Bruyette & Woods maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Thursday, August 17. Keefe Bruyette & Woods has “Buy” rating and $83.0 target. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 5. UBS downgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) on Wednesday, December 6 to “Neutral” rating. RBC Capital Markets maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) rating on Friday, December 8. RBC Capital Markets has “Buy” rating and $93.0 target. Credit Suisse downgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, January 11 to “Neutral” rating. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. RBC Capital Markets maintained it with “Buy” rating and $8500 target in Thursday, July 27 report. The firm has “Buy” rating by Wells Fargo given on Thursday, July 27.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.02, from 0.97 in 2017Q2. It dropped, as 56 investors sold MMC shares while 215 reduced holdings. 61 funds opened positions while 196 raised stakes. 425.59 million shares or 1.13% more from 420.82 million shares in 2017Q2 were reported. Cap Guardian, a California-based fund reported 703,717 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys stated it has 41,682 shares or 0.05% of all its holdings. Baker Avenue Asset Mngmt Lp has 0.04% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC). Private Tru Com Na reported 0.12% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Prelude Capital Management Ltd Llc holds 0.09% in Marsh & McLennan Companies, Inc. (NYSE:MMC) or 12,467 shares. Rampart Invest Communications Ltd Liability Corporation invested in 0.18% or 6,361 shares. Dnb Asset As reported 0.06% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Maryland-based Lafayette Invs has invested 1.75% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Royal Financial Bank Of Canada, a Ontario – Canada-based fund reported 315,431 shares. State Of Tennessee Treasury Department reported 0.2% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Mirae Asset Glob Investments Ltd invested in 0.08% or 54,675 shares. Fukoku Mutual Life Insur owns 3,740 shares. Guardian Life Insur Of America owns 1,165 shares. Company Of Toledo Na Oh holds 0.12% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 5,500 shares. Blair William And Company Il holds 30,741 shares or 0.02% of its portfolio.

Investec Asset Management Ltd decreased Bank Of New York Mellon Corp (NYSE:BK) stake by 43,003 shares to 5.70M valued at $302.18M in 2017Q3. It also reduced Zimmer Holdings Inc (ZMH) stake by 1.58 million shares and now owns 444,590 shares. Newmont Mining Corp (NYSE:NEM) was reduced too.

Among 24 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Amgen Inc. had 74 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Amgen Inc. (NASDAQ:AMGN) has “Overweight” rating given on Saturday, August 29 by Piper Jaffray. The stock has “Buy” rating by Jefferies on Sunday, August 27. As per Friday, October 6, the company rating was maintained by Morgan Stanley. The firm earned “Market Perform” rating on Tuesday, September 1 by Raymond James. Oppenheimer maintained Amgen Inc. (NASDAQ:AMGN) on Friday, July 21 with “Buy” rating. Oppenheimer maintained the shares of AMGN in report on Wednesday, August 23 with “Buy” rating. Argus Research maintained it with “Buy” rating and $185 target in Monday, February 8 report. The firm has “Buy” rating given on Wednesday, July 12 by Oppenheimer. The company was maintained on Wednesday, June 7 by Bernstein. Oppenheimer maintained Amgen Inc. (NASDAQ:AMGN) rating on Monday, June 5. Oppenheimer has “Buy” rating and $18900 target.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It fall, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. The New York-based M&R Inc has invested 0.21% in Amgen Inc. (NASDAQ:AMGN). Lincoln Natl Corporation invested in 2,816 shares or 0.02% of the stock. Reilly Herbert Faulkner Iii reported 28,424 shares. Cleararc Capital Incorporated holds 23,620 shares. Whittier Of Nevada has invested 0.2% in Amgen Inc. (NASDAQ:AMGN). Horizon Investment Limited Liability holds 29,407 shares or 2.33% of its portfolio. Oakworth Capital owns 0.03% invested in Amgen Inc. (NASDAQ:AMGN) for 734 shares. Howe Rusling invested in 0.14% or 3,934 shares. Girard Partners owns 1.57% invested in Amgen Inc. (NASDAQ:AMGN) for 40,836 shares. Tctc Lc stated it has 37,799 shares. Toth Fincl Advisory Corp owns 13,603 shares for 0.64% of their portfolio. Northeast Fincl Consultants Inc has invested 0.32% in Amgen Inc. (NASDAQ:AMGN). Barclays Plc stated it has 0.23% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Advsr Capital Management Llc reported 3,968 shares or 0.06% of all its holdings. Wesbanco Bank Inc holds 1.04% or 106,497 shares.

Convergence Investment Partners Llc decreased Pulte Group Inc (NYSE:PHM) stake by 18,740 shares to 32,862 valued at $898,000 in 2017Q3. It also reduced Jabil Inc (NYSE:JBL) stake by 50,368 shares and now owns 41,399 shares. Procter And Gamble Co (NYSE:PG) was reduced too.

Since October 9, 2017, it had 0 insider buys, and 3 insider sales for $836,311 activity. On Tuesday, December 12 the insider Harper Sean E sold $269,666.

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