Quantbot Technologies LP Sells 5,525 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Quantbot Technologies LP trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,356 shares of the financial services provider’s stock after selling 5,525 shares during the quarter. Marsh & McLennan Companies accounts for 0.5% of Quantbot Technologies LP’s holdings, making the stock its 17th largest holding. Quantbot Technologies LP’s holdings in Marsh & McLennan Companies were worth $13,670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sciencast Management LP increased its position in Marsh & McLennan Companies by 14.4% during the 4th quarter. Sciencast Management LP now owns 14,335 shares of the financial services provider’s stock valued at $3,045,000 after purchasing an additional 1,809 shares during the period. Millstone Evans Group LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $281,000. Wayfinding Financial LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $217,000. TD Private Client Wealth LLC lifted its holdings in Marsh & McLennan Companies by 4.1% during the fourth quarter. TD Private Client Wealth LLC now owns 8,619 shares of the financial services provider’s stock worth $1,831,000 after buying an additional 340 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $49,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MMC. Raymond James restated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $230.44.

Insider Activity

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock valued at $13,350,279 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Down 0.6 %

Shares of NYSE:MMC opened at $232.05 on Friday. The business has a 50-day moving average price of $227.10 and a 200-day moving average price of $223.82. The stock has a market cap of $113.97 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

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.