Intech Investment Management LLC Sells 124,251 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Intech Investment Management LLC reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 50.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 119,743 shares of the financial services provider’s stock after selling 124,251 shares during the quarter. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $25,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMC. Price T Rowe Associates Inc. MD boosted its position in shares of Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after acquiring an additional 2,526,701 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after acquiring an additional 679,474 shares during the last quarter. Jennison Associates LLC lifted its position in Marsh & McLennan Companies by 229.6% in the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after buying an additional 649,505 shares during the last quarter. M&G Plc bought a new stake in Marsh & McLennan Companies in the first quarter worth $118,353,000. Finally, Bristol Gate Capital Partners Inc. bought a new stake in Marsh & McLennan Companies in the first quarter worth $95,139,000. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Roth Mkm raised their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Barclays assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target for the company. Finally, Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $215.53.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $224.61 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average price of $223.20 and a 200 day moving average price of $212.15. The company has a market capitalization of $110.67 billion, a P/E ratio of 28.50, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.