Intech Investment Management LLC Has $11.46 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Intech Investment Management LLC trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.5% in the second quarter, Holdings Channel reports. The firm owned 52,404 shares of the financial services provider’s stock after selling 6,141 shares during the quarter. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $11,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MMC. Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock valued at $11,059,792,000 after buying an additional 581,930 shares in the last quarter. Wellington Management Group LLP lifted its stake in Marsh & McLennan Companies by 54.2% in the first 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 acquiring an additional 4,505,548 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after acquiring an additional 196,475 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Marsh & McLennan Companies by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after purchasing an additional 340,907 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $1,038,594,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.5%

Shares of Marsh & McLennan Companies stock opened at $182.84 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50-day moving average of $193.15 and a 200-day moving average of $207.94. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The stock 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.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors 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 currently 43.17%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts have weighed in on MMC shares. TD Cowen lowered their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $209.00 to $191.00 in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, Evercore ISI cut their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $228.63.

Marsh & McLennan Companies Company 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.