Intech Investment Management LLC Has $18.83 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Intech Investment Management LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,407 shares of the financial services provider’s stock after selling 35,336 shares during the quarter. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $18,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Carmichael Hill & Associates Inc. grew its stake in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Crewe Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 712.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 171 shares during the period. Finally, Ridgewood Investments LLC bought a new position in Marsh & McLennan Companies during the second quarter worth $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the topic of several research reports. Bank of America upped their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of MMC stock opened at $221.96 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32. The company’s fifty day simple moving average is $223.81 and its two-hundred day simple moving average is $218.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $109.01 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the company earned $1.57 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.