Robeco Institutional Asset Management B.V. Sells 1,177,555 Shares of Marsh & McLennan Companies, Inc. $MRSH

Key Points

• Robeco Institutional Asset Management cut its stake in Marsh & McLennan by 79.7% in Q4, selling 1,177,555 shares and leaving it with 299,266 shares worth about $55.52 million (≈0.06% ownership).
• Q4 results beat expectations: Marsh & McLennan reported EPS of $2.12 vs. $1.97 expected and revenue of $6.60 billion vs. $6.52 billion, with revenue up 8.7%, a 15.42% net margin and a 31.6% ROE.
• The company declared a quarterly dividend of $0.90 (annualized $3.60) with an ex-dividend date of April 9 and a yield of about 2.1%, and a payout ratio of 42.7%.

Robeco Institutional Asset Management B.V. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 79.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 299,266 shares of the financial services provider's stock after selling 1,177,555 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Marsh & McLennan Companies worth $55,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $25,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $29,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $30,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $203.00 to $178.00 and set an "equal weight" rating for the company in a research report on Thursday, April 9th. Mizuho reduced their price objective on shares of Marsh & McLennan Companies from $199.00 to $193.00 and set a "neutral" rating for the company in a research report on Monday. Cantor Fitzgerald lifted their price target on shares of Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Monday, February 2nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $200.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, January 30th. Finally, Weiss Ratings started coverage on shares of Marsh & McLennan Companies in a research report on Thursday, January 29th. They issued a "hold (c)" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $205.60.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.30, for a total transaction of $3,052,861.50. Following the transaction, the chief executive officer directly owned 116,811 shares of the company's stock, valued at $21,411,456.30. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Down 0.0%

NYSE MRSH opened at $173.47 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.20. The firm has a market cap of $83.98 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.29 and a beta of 0.75. The company has a fifty day simple moving average of $173.02. Marsh & McLennan Companies, Inc. has a 12-month low of $164.89 and a 12-month high of $239.34.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.15. The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.52 billion. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.87 EPS. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 9th. Marsh & McLennan Companies's payout ratio is currently 42.70%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies NYSE: MMC is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

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