Marsh & McLennan Companies, Inc. $MMC Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,889,293 shares of the financial services provider’s stock after selling 88,926 shares during the period. Marsh & McLennan Companies makes up about 0.7% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 23rd largest holding. Robeco Institutional Asset Management B.V. owned 0.38% of Marsh & McLennan Companies worth $413,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MMC. Accent Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management lifted its position in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $37,000. Finally, Capital Analysts LLC lifted its position in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MMC shares. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Citigroup started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. Barclays cut their target price on shares of 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. Finally, Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price on the stock. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $238.76.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.1%

NYSE MMC opened at $201.41 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $99.02 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. The firm’s fifty day simple moving average is $203.32 and its 200-day simple moving average is $217.18.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the business posted $2.41 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

About Marsh & McLennan Companies

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.