OMERS ADMINISTRATION Corp Sells 2,925 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Marsh & McLennan Companies by 14.2%, now owning 17,660 shares valued at approximately $4.31 million.
• The company recently reported financial results indicating a 12.1% year-over-year revenue increase and earnings of $2.72 per share, surpassing analyst expectations.
• Marsh & McLennan announced a quarterly dividend increase to $0.90, representing an annualized yield of 1.7% and a payout ratio of 43.17%.

OMERS ADMINISTRATION Corp trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,660 shares of the financial services provider's stock after selling 2,925 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Marsh & McLennan Companies were worth $4,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMC. Wellington Management Group LLP boosted its stake in shares of Marsh & McLennan Companies by 54.2% during 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 purchasing an additional 4,505,548 shares during the period. Nuveen LLC bought a new position in Marsh & McLennan Companies during the 1st quarter valued at approximately $1,038,594,000. GAMMA Investing LLC raised its position in shares of Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock worth $369,869,000 after acquiring an additional 1,510,966 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider's stock worth $578,517,000 after acquiring an additional 1,436,044 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Marsh & McLennan Companies by 25.7% in the 4th quarter. Deutsche Bank AG now owns 3,719,830 shares of the financial services provider's stock worth $790,129,000 after acquiring an additional 759,573 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MMC has been the subject of several research reports. Citigroup initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 target price for the company. Barclays cut their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Morgan Stanley cut their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Finally, Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an "overweight" rating and a $256.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and an average target price of $238.76.

Marsh & McLennan Companies Price Performance

MMC traded down $0.75 on Wednesday, hitting $204.70. 274,370 shares of the stock were exchanged, compared to its average volume of 2,249,573. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $100.63 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.58 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 12 month low of $196.27 and a 12 month high of $248.00. The business has a 50-day moving average of $208.83 and a two-hundred day moving average of $221.91.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's payout ratio is currently 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.