QRG Capital Management Inc. Cuts Stock Position in Marsh & McLennan Companies, Inc. $MMC

Key Points

• QRG Capital Management Inc. reduced its stake in Marsh & McLennan Companies, Inc. by 52.5% during the 2nd quarter, holding 41,717 shares worth approximately $9.12 million after selling 46,163 shares.
• In contrast, Wellington Management increased its position by 54.2% in the 1st quarter, now owning over **12.8 million shares** valued at about **$3.13 billion**.
• Marsh & McLennan recently announced a quarterly dividend of $0.90 per share, with a yield of 1.8%, to be paid on November 14th.

QRG Capital Management Inc. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 52.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,717 shares of the financial services provider's stock after selling 46,163 shares during the period. QRG Capital Management Inc.'s holdings in Marsh & McLennan Companies were worth $9,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. Wellington Management Group LLP grew its stake in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock worth $3,127,193,000 after buying an additional 4,505,548 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $1,038,594,000. Ninety One UK Ltd grew its stake 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 buying an additional 1,436,044 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Marsh & McLennan Companies by 5,035.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider's stock worth $176,836,000 after buying an additional 793,052 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after buying an additional 581,930 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the firm's 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 transaction, the chief executive officer directly owned 87,681 shares of the company's stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MMC shares. UBS Group lowered their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price objective 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. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Finally, Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $238.76.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $201.25 on Friday. The business's fifty day moving average price is $202.96 and its 200-day moving average price is $216.63. The stock has a market capitalization of $98.94 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.53 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 43.17%.

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.

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