Quantbot Technologies LP Sells 26,139 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Quantbot Technologies LP has reduced its stake in Marsh & McLennan Companies by 40.6%, selling 26,139 shares and now holding 38,217 shares worth approximately $9.33 million.
• Vanguard Group Inc. and other institutional investors have increased their holdings in Marsh & McLennan Companies, with Vanguard owning over $11 billion in shares after a recent purchase.
• Marsh & McLennan Companies has announced a quarterly dividend of $0.90, marking an increase from its previous dividend and representing an annual yield of 1.7%.

Quantbot Technologies LP decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 40.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,217 shares of the financial services provider's stock after selling 26,139 shares during the period. Quantbot Technologies LP's holdings in Marsh & McLennan Companies were worth $9,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. Vanguard Group Inc. lifted its holdings in Marsh & McLennan Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock valued at $11,059,792,000 after purchasing an additional 581,930 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 acquiring an additional 4,505,548 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Marsh & McLennan Companies by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock worth $2,156,179,000 after acquiring an additional 96,750 shares during the last quarter. Northern Trust Corp increased its holdings in Marsh & McLennan Companies by 14.0% during the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after purchasing an additional 726,713 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Marsh & McLennan Companies by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider's stock valued at $1,108,459,000 after purchasing an additional 609,602 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

MMC has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. UBS Group dropped their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a report on Monday, July 21st. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective for the company. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Finally, Citigroup assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $239.94.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $207.29 on Monday. Marsh & McLennan Companies, Inc. has a 12-month low of $196.27 and a 12-month high of $248.00. The firm has a market capitalization of $101.91 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average of $211.14 and a 200-day moving average of $223.38.

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

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 24th. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 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.

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