Marsh & McLennan Companies, Inc. $MMC Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has reduced its stake in Marsh & McLennan Companies by 27.4%, owning 58,545 shares after selling 22,110 shares in the 1st quarter.
• Marsh & McLennan recently declared a quarterly dividend increase to $0.90 per share, which translates to an annualized dividend of $3.60 and a yield of 1.8%.
• Analysts have mixed ratings for Marsh & McLennan, with six Buy ratings, nine Hold ratings, and two Sell ratings, resulting in a consensus target price of $238.76.

Intech Investment Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,545 shares of the financial services provider's stock after selling 22,110 shares during the period. Intech Investment Management LLC's holdings in Marsh & McLennan Companies were worth $14,287,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Focus Partners Wealth increased its holdings in Marsh & McLennan Companies by 2.9% in the first quarter. Focus Partners Wealth now owns 29,138 shares of the financial services provider's stock valued at $7,111,000 after buying an additional 821 shares in the last quarter. Integrity Alliance LLC. grew its position in shares of Marsh & McLennan Companies by 196.2% during the 1st quarter. Integrity Alliance LLC. now owns 10,398 shares of the financial services provider's stock valued at $2,537,000 after acquiring an additional 6,888 shares during the period. Glenview Trust co increased its stake in shares of Marsh & McLennan Companies by 44.8% in the 1st quarter. Glenview Trust co now owns 3,518 shares of the financial services provider's stock valued at $858,000 after purchasing an additional 1,088 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its position in Marsh & McLennan Companies by 12.0% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 205,900 shares of the financial services provider's stock worth $50,246,000 after purchasing an additional 22,000 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $404,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, July 21st. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. UBS Group cut their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Finally, Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $238.76.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded down $0.49 during trading hours on Friday, reaching $202.97. The company had a trading volume of 2,652,548 shares, compared to its average volume of 1,856,531. Marsh & McLennan Companies, Inc. has a 12-month low of $196.27 and a 12-month high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $99.78 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.56 and a beta of 0.81. The stock has a fifty day moving average of $206.85 and a 200-day moving average of $220.43.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, July 24th. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.8%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

About Marsh & McLennan Companies

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.