Martingale Asset Management L P Reduces Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Martingale Asset Management L P reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,247 shares of the financial services provider’s stock after selling 3,410 shares during the quarter. Martingale Asset Management L P’s holdings in Marsh & McLennan Companies were worth $20,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MMC. Parisi Gray Wealth Management bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $947,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after buying an additional 52,218 shares in the last quarter. LPL Financial LLC boosted its position in shares of Marsh & McLennan Companies by 9.9% in the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock valued at $78,662,000 after acquiring an additional 29,247 shares during the period. Penserra Capital Management LLC increased its holdings in Marsh & McLennan Companies by 101.4% during the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after acquiring an additional 3,593 shares during the period. Finally, US Asset Management LLC lifted its stake in Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 1,284 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $211.0860 on Thursday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.27 and a twelve month high of $248.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a fifty day simple moving average of $210.58 and a two-hundred day simple moving average of $223.14. The company has a market capitalization of $103.77 billion, a PE ratio of 25.31, a P/E/G ratio of 2.63 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $2.41 earnings per share. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were issued a dividend of $0.90 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MMC shares. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Keefe, Bruyette & Woods decreased their target price on 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. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Friday, July 18th. Finally, UBS Group dropped their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $238.76.

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.