Intech Investment Management LLC Sells 6,141 Shares of Marsh & McLennan Companies, Inc. $MMC

Intech Investment Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,404 shares of the financial services provider’s stock after selling 6,141 shares during the period. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $11,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after purchasing an additional 4,505,548 shares during the last quarter. Nuveen LLC bought a new position in Marsh & McLennan Companies in the first quarter valued at approximately $1,038,594,000. Valeo Financial Advisors LLC grew its holdings in Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after acquiring an additional 2,623,745 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Marsh & McLennan Companies by 5,035.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after purchasing an additional 793,052 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Marsh & McLennan Companies by 225.1% in the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after purchasing an additional 727,714 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on MMC shares. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and dropped their price objective for the company from $209.00 to $191.00 in a report on Friday, October 17th. UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Wolfe Research started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.63.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $182.84 on Friday. The company has a fifty day moving average price of $193.15 and a 200 day moving average price of $207.94. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The firm has a market cap of $89.58 billion, a PE ratio of 21.92, a PEG ratio of 2.25 and a beta of 0.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.