Intech Investment Management LLC Sells 35,336 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Intech Investment Management LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,407 shares of the financial services provider’s stock after selling 35,336 shares during the quarter. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $18,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. King Luther Capital Management Corp lifted its position in Marsh & McLennan Companies by 0.4% during the 3rd quarter. King Luther Capital Management Corp now owns 57,746 shares of the financial services provider’s stock valued at $12,883,000 after acquiring an additional 214 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in Marsh & McLennan Companies by 7.9% in the third quarter. Citizens Financial Group Inc. RI now owns 8,089 shares of the financial services provider’s stock worth $1,805,000 after acquiring an additional 595 shares in the last quarter. Bellwether Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at about $6,064,000. West Family Investments Inc. raised its holdings in Marsh & McLennan Companies by 6.1% in the third quarter. West Family Investments Inc. now owns 4,990 shares of the financial services provider’s stock worth $1,113,000 after buying an additional 288 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Marsh & McLennan Companies by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 587,472 shares of the financial services provider’s stock valued at $131,059,000 after acquiring an additional 21,181 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.6 %

NYSE:MMC opened at $221.96 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $232.32. The company’s 50-day simple moving average is $223.81 and its 200-day simple moving average is $218.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $109.01 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MMC. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. Wells Fargo & Company lowered their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $225.33.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.