Quantbot Technologies LP Has $9.33 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Quantbot Technologies LP trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 40.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 38,217 shares of the financial services provider’s stock after selling 26,139 shares during the period. Quantbot Technologies LP’s holdings in Marsh & McLennan Companies were worth $9,326,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after purchasing an additional 4,505,548 shares during the last quarter. Nuveen LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at about $1,038,594,000. Stifel Financial Corp lifted its stake in Marsh & McLennan Companies by 551.0% in the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock valued at $472,599,000 after purchasing an additional 1,883,146 shares during the last quarter. GAMMA Investing LLC lifted its stake in Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after purchasing an additional 1,510,966 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after purchasing an additional 1,436,044 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MMC shares. Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. UBS Group decreased their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Finally, Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $239.94.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $207.29 on Monday. 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 stock has a market capitalization of $101.91 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77. The firm’s fifty day simple moving average is $211.14 and its two-hundred day simple moving average is $223.38. Marsh & McLennan Companies, Inc. has a 12 month low of $196.27 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The business 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.41 earnings per share. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

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