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

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

Several other large investors also recently added to or reduced their stakes in MMC. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $36,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth about $38,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $45,000. 87.99% of the stock is currently owned by institutional investors.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $686,817.31. This represents a 31.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Evercore ISI restated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Down 0.6 %

Shares of NYSE MMC opened at $232.05 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The firm’s 50-day moving average price is $227.10 and its 200-day moving average price is $223.82. The stock has a market capitalization of $113.97 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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