Van Lanschot Kempen Investment Management N.V. Decreases Stake in Marsh & McLennan Companies, Inc. $MMC

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Van Lanschot Kempen Investment Management N.V. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,603 shares of the financial services provider's stock after selling 34,019 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Marsh & McLennan Companies were worth $44,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. raised its stake in Marsh & McLennan Companies by 3.6% in the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 44 shares during the last quarter. Defined Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after buying an additional 47 shares in the last quarter. IFP Advisors Inc boosted its position in Marsh & McLennan Companies by 0.6% during the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock worth $1,825,000 after acquiring an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Marsh & McLennan Companies by 1.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider's stock valued at $1,102,000 after acquiring an additional 47 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock worth $308,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on MMC. Barclays lowered their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Morgan Stanley reduced their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. UBS Group dropped their price target on shares of 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. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target on the stock. Finally, Citigroup started coverage on 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. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus price target of $238.76.

Marsh & McLennan Companies Trading Down 0.3%

Shares of Marsh & McLennan Companies stock traded down $0.7270 on Friday, reaching $210.3830. The company had a trading volume of 1,467,076 shares, compared to its average volume of 2,517,538. 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 firm has a market cap of $103.43 billion, a PE ratio of 25.23, a PEG ratio of 2.63 and a beta of 0.77. The firm's 50 day moving average price is $210.28 and its two-hundred day moving average price is $222.98. Marsh & McLennan Companies, Inc. has a 52-week low of $196.27 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its 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. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the firm earned $2.41 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were paid a $0.90 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. Marsh & McLennan Companies's payout ratio is 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.