Intech Investment Management LLC Has $46.62 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Intech Investment Management LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,028 shares of the financial services provider’s stock after acquiring an additional 51,817 shares during the quarter. Marsh & McLennan Companies makes up 0.7% of Intech Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $46,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Marsh & McLennan Companies by 0.3% during the third quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after buying an additional 61,408 shares during the period. Ameriprise Financial Inc. raised its position in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after acquiring an additional 31,821 shares in the last quarter. Morgan Stanley lifted its stake in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after purchasing an additional 150,655 shares during the period. Northern Trust Corp grew its stake in Marsh & McLennan Companies by 4.8% during the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after purchasing an additional 271,408 shares during the period. Finally, Norges Bank bought a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $1,048,077,000. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,920 shares of company stock valued at $7,903,935. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $0.10 on Friday, hitting $207.89. 1,009,200 shares of the stock were exchanged, compared to its average volume of 1,323,629. The firm has a market capitalization of $102.43 billion, a PE ratio of 26.38, a P/E/G ratio of 2.94 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $211.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average is $203.48 and its two-hundred day moving average is $199.19.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Bank of America raised their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $210.27.

Marsh & McLennan Companies 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.