Sustainable Insight Capital Management LLC Has $4.76 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Sustainable Insight Capital Management LLC reduced its stake in Marsh & McLennan Companies by 19.3%, now owning 19,518 shares valued at approximately $4.76 million.
• Marsh & McLennan Companies announced a quarterly dividend of $0.90, increasing from the previous $0.82, which equates to an annualized 1.8% yield.
• Despite a mixed sentiment from analysts, with several target price reductions, the company reported an earnings per share of $2.72, exceeding estimates for the last quarter.

Sustainable Insight Capital Management LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 19.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,518 shares of the financial services provider's stock after selling 4,672 shares during the period. Marsh & McLennan Companies makes up about 2.4% of Sustainable Insight Capital Management LLC's investment portfolio, making the stock its 15th largest position. Sustainable Insight Capital Management LLC's holdings in Marsh & McLennan Companies were worth $4,763,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Parisi Gray Wealth Management bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $947,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock worth $25,270,000 after buying an additional 52,218 shares during the last quarter. LPL Financial LLC increased its stake in shares of Marsh & McLennan Companies by 9.9% in the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider's stock worth $78,662,000 after buying an additional 29,247 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 101.4% in the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider's stock worth $1,741,000 after buying an additional 3,593 shares during the last quarter. Finally, US Asset Management LLC boosted its holdings in Marsh & McLennan Companies by 23.1% in the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider's stock worth $1,671,000 after purchasing an additional 1,284 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research reports. Barclays decreased 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 report on Monday, July 7th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday. They issued an "overweight" rating and a $256.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Wells Fargo & Company decreased their price objective on shares of 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. Finally, UBS Group decreased their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a report on Monday, July 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $239.94.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $4.97 during midday trading on Wednesday, hitting $209.38. 2,069,503 shares of the stock traded hands, compared to its average volume of 2,891,086. The firm has a market capitalization of $102.94 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.55 and a beta of 0.77. The business's 50 day moving average price is $212.03 and its two-hundred day moving average price is $223.54. Marsh & McLennan Companies, Inc. has a 1-year low of $196.27 and a 1-year 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.

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

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be issued a $0.90 dividend. The ex-dividend date of this dividend is 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 1.7%. Marsh & McLennan Companies's dividend 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.