Kayne Anderson Rudnick Investment Management Cut Marsh & Mclennan Cos (MMC) Position; Associated Banc-corp (ASB) Shorts Up By 1.43%

June 18, 2018 - By Ellis Scott

Associated Banc-Corp (NYSE:ASB) Logo

Associated Banc-corp (NYSE:ASB) had an increase of 1.43% in short interest. ASB’s SI was 5.28 million shares in June as released by FINRA. Its up 1.43% from 5.21M shares previously. With 1.70M avg volume, 3 days are for Associated Banc-corp (NYSE:ASB)’s short sellers to cover ASB’s short positions. The SI to Associated Banc-corp’s float is 3.56%. The stock increased 0.27% or $0.07 during the last trading session, reaching $28.02. About 319,865 shares traded. Associated Banc-Corp (NYSE:ASB) has risen 13.32% since June 18, 2017 and is uptrending. It has outperformed by 0.75% the S&P500. Some Historical ASB News: ; 19/04/2018 – ASSOCIATED BANC-CORP – QTRLY NET INTEREST INCOME OF $210 MLN INCREASED $30 MLN; 03/05/2018 – Associated Bank recognized by Fannie Mae as STAR Performer for mortgage servicing excellence for sixth year; 24/04/2018 – ASSOCIATED BANC-CORP ASB.N – REPURCHASE AUTHORIZATION IS IN ADDITION TO AUTHORITY REMAINING UNDER PREVIOUS PROGRAM; 01/05/2018 – Associated Banc-Corp: Terms of Transaction Not Disclosed; 19/04/2018 – Associated Banc-Corp 1Q Net Income Available to Common Equity of $67M; 23/04/2018 – DJ Associated Banc-Corp, Inst Holders, 1Q 2018 (ASB); 24/04/2018 – Associated Announces Annual Meeting Results, Dividends and Share Repurchase Program; 11/04/2018 – Associated Bank offers Milwaukee Brewers fans the “Home Crew Advantage”; 01/05/2018 – ASSOCIATED BANC-CORP TO BUY ANDERSON INSURANCE & INVESTMENT; 20/04/2018 – CORRECT: ASB 1Q EPS 40C, MAY NOT COMPARE WITH EST. 41C

Kayne Anderson Rudnick Investment Management Llc decreased Marsh & Mclennan Cos (MMC) stake by 2.6% reported in 2018Q1 SEC filing. Kayne Anderson Rudnick Investment Management Llc sold 7,262 shares as Marsh & Mclennan Cos (MMC)’s stock declined 4.00%. The Kayne Anderson Rudnick Investment Management Llc holds 272,294 shares with $22.49M value, down from 279,556 last quarter. Marsh & Mclennan Cos now has $41.60B valuation. The stock decreased 0.44% or $0.36 during the last trading session, reaching $81.98. About 417,839 shares traded. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 6.23% since June 18, 2017 and is uptrending. It has underperformed by 6.34% the S&P500. Some Historical MMC News: ; 24/04/2018 – Mercer: BREAKING: Be the first to see the pressing issues impacting the #FutureofWork in @Mercer’s newly released 2018 Glob…; 14/03/2018 – Marsh Joins the Enterprise Ethereum Alliance; 24/04/2018 – As Al Shapes the Future of Work, Employers Focus on Human Skills and Employees Crave Jobs with Purpose; 23/05/2018 – Karolinska Institutet researcher discusses inflammation therapies at Feinstein Institute Marsh Lecture; 22/04/2018 – DJ Marsh & McLennan Companies Inc, Inst Holders, 1Q 2018 (MMC); 27/03/2018 – MITSUBISHI MOTORS TO RAISE STAKE IN MMC DIAMOND FINANCE; 12/03/2018 – Council, Mercer Study Highlights Companies’ Best, Brightest Ideas; 28/05/2018 – MMC CORP 1Q NET INCOME 41.3M RINGGIT; 01/05/2018 – Mercer Global Chief Information Officer Gail Evans to Speak at the MIT Sloan CIO Symposium; 05/04/2018 – Fitch Upgrades Marsh & McLennan to ‘A’; Outlook Stable

Since December 18, 2017, it had 0 insider buys, and 8 selling transactions for $14.03 million activity. Beshar Peter J sold $863,821 worth of stock or 10,567 shares. Glaser Daniel S sold $51.21 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, December 18. Shares for $4.29 million were sold by Gilbert E Scott. 20,000 Marsh & McLennan Companies, Inc. (NYSE:MMC) shares with value of $1.64M were sold by McDonald Scott. $893,273 worth of stock was sold by Portalatin Julio A on Monday, March 5. MCGIVNEY MARK C also sold $1.88 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, February 26. 1,145 shares were sold by Mills Stacy, worth $94,972 on Monday, March 5.

Among 15 analysts covering Marsh & McLennan (NYSE:MMC), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Marsh & McLennan had 38 analyst reports since September 8, 2015 according to SRatingsIntel. Jefferies maintained Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, February 5 with “Hold” rating. The firm has “Buy” rating given on Monday, August 28 by RBC Capital Markets. The stock has “Buy” rating by Wells Fargo on Thursday, July 27. The stock of Marsh & McLennan Companies, Inc. (NYSE:MMC) has “Buy” rating given on Friday, January 27 by Bank of America. As per Monday, November 7, the company rating was upgraded by Sandler O’Neill. UBS downgraded Marsh & McLennan Companies, Inc. (NYSE:MMC) on Wednesday, December 6 to “Neutral” rating. The rating was downgraded by Credit Suisse to “Neutral” on Monday, January 11. The rating was maintained by Jefferies on Friday, October 13 with “Hold”. The firm earned “Buy” rating on Friday, February 2 by RBC Capital Markets. The rating was maintained by Wells Fargo on Tuesday, August 8 with “Buy”.

Analysts await Marsh & McLennan Companies, Inc. (NYSE:MMC) to report earnings on July, 26. They expect $1.11 EPS, up 11.00% or $0.11 from last year’s $1 per share. MMC’s profit will be $563.19 million for 18.46 P/E if the $1.11 EPS becomes a reality. After $1.38 actual EPS reported by Marsh & McLennan Companies, Inc. for the previous quarter, Wall Street now forecasts -19.57% negative EPS growth.

Kayne Anderson Rudnick Investment Management Llc increased Interactive Brokers (NASDAQ:IBKR) stake by 44,619 shares to 2.41 million valued at $161.82 million in 2018Q1. It also upped Watsco Inc (NYSE:WSO) stake by 36,668 shares and now owns 456,983 shares. Marketaxess Hldgs (NASDAQ:MKTX) was raised too.

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.21, from 1.05 in 2017Q4. It worsened, as 48 investors sold MMC shares while 252 reduced holdings. 74 funds opened positions while 179 raised stakes. 417.43 million shares or 0.42% less from 419.18 million shares in 2017Q4 were reported. Atlanta L L C has 0.36% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 834,257 shares. Atlantic Trust Group Limited accumulated 0.03% or 74,012 shares. Calamos Wealth Mngmt Ltd Co invested in 67,000 shares or 0.69% of the stock. Cypress Cap Gp has invested 0.14% in Marsh & McLennan Companies, Inc. (NYSE:MMC). New Mexico Educational Retirement Board holds 48,641 shares. Mariner Limited Liability Company holds 5,551 shares. Ibm Retirement Fund has 0.19% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC). Engineers Gate Manager LP stated it has 0.1% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Auxier Asset Mngmt, Oregon-based fund reported 41,237 shares. Neuberger Berman Grp Limited Liability Corporation has invested 0.01% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Parametric Port Assocs Limited Liability Corporation holds 1.84 million shares. Covington Cap Management holds 814 shares. Mairs And Inc holds 0% or 2,466 shares in its portfolio. Ledyard Bank reported 3,226 shares. Old Mutual Global Investors (Uk) Limited invested 0.11% in Marsh & McLennan Companies, Inc. (NYSE:MMC).

Investors sentiment increased to 2.06 in 2018 Q1. Its up 0.72, from 1.34 in 2017Q4. It is positive, as 22 investors sold Associated Banc-Corp shares while 44 reduced holdings. 36 funds opened positions while 100 raised stakes. 129.10 million shares or 10.08% more from 117.28 million shares in 2017Q4 were reported. Moreover, Northern Trust Corporation has 0.01% invested in Associated Banc-Corp (NYSE:ASB). Riverhead Capital Mgmt Limited Liability Corp, Delaware-based fund reported 12,268 shares. 358,335 are owned by Wellington Mgmt Ltd Liability Partnership. Retirement System Of Alabama holds 220,583 shares or 0.03% of its portfolio. 20,619 were reported by Ls Invest Advsrs Ltd Limited Liability Company. Employees Retirement Sys Of Texas holds 0.03% of its portfolio in Associated Banc-Corp (NYSE:ASB) for 87,000 shares. Metropolitan Life New York holds 0% or 88,570 shares in its portfolio. Jpmorgan Chase Communication holds 4.77M shares. Mairs invested in 0.84% or 2.72M shares. Foundry Prns Llc invested in 720,499 shares or 0.76% of the stock. Prospector Ltd Liability Co has 0.9% invested in Associated Banc-Corp (NYSE:ASB) for 247,695 shares. Teachers Retirement Systems Of The State Of Kentucky accumulated 119,615 shares or 0.04% of the stock. Alliancebernstein Lp owns 4.36 million shares or 0.08% of their US portfolio. Stifel Corporation holds 91,598 shares. Natl Bank Of Montreal Can invested 0% in Associated Banc-Corp (NYSE:ASB).

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company has market cap of $4.79 billion. The Company’s Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. It has a 19.03 P/E ratio. This segment also provides specialized financial services that comprise interest rate risk management, foreign exchange solutions, and commodity hedging services.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Institutional Positions Chart

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