Intech Investment Management LLC Reduces Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Intech Investment Management LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 50.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 119,743 shares of the financial services provider’s stock after selling 124,251 shares during the period. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $25,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Drive Wealth Management LLC boosted its position in Marsh & McLennan Companies by 3.7% in the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after buying an additional 49 shares during the last quarter. Ritholtz Wealth Management boosted its position in Marsh & McLennan Companies by 0.6% in the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock valued at $1,887,000 after buying an additional 51 shares during the last quarter. X Square Capital LLC boosted its position in Marsh & McLennan Companies by 1.8% in the second quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after buying an additional 51 shares during the last quarter. Evoke Wealth LLC boosted its position in Marsh & McLennan Companies by 4.4% in the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after buying an additional 53 shares during the last quarter. Finally, RDA Financial Network boosted its position in Marsh & McLennan Companies by 3.1% in the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Royal Bank of Canada upped their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Roth Mkm upped their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Stock Down 0.7 %

NYSE MMC opened at $224.61 on Friday. The business has a fifty day moving average price of $223.20 and a 200 day moving average price of $212.15. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $110.67 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company earned $2.20 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 in the last three months. 0.30% of the stock is currently owned by insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.