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

Quantbot Technologies LP reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.9% in the fourth quarter, according to its most recent filing with the Securities & 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 makes up about 0.5% of Quantbot Technologies LP's holdings, making the stock its 17th biggest holding. Quantbot Technologies LP's holdings in Marsh & McLennan Companies were worth $13,670,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after buying an additional 518,185 shares during the period. Geode Capital Management LLC increased its position in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after purchasing an additional 251,361 shares during the period. Amundi raised its holdings in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after purchasing an additional 184,239 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Marsh & McLennan Companies by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,286,899 shares of the financial services provider's stock valued at $698,170,000 after buying an additional 71,990 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.

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Insider Buying and Selling

In related news, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $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. Over the last quarter, insiders have sold 57,828 shares of company stock worth $13,350,279. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on MMC. Keefe, Bruyette & Woods cut their price objective 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. Raymond James restated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday. They issued a "buy" rating and a $281.00 price objective for the company. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price target 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $233.41.

Marsh & McLennan Companies Stock Up 0.9 %

NYSE MMC traded up $2.10 during mid-day trading on Wednesday, reaching $238.72. The stock had a trading volume of 1,873,660 shares, compared to its average volume of 1,636,818. The stock has a market cap of $117.24 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a fifty day moving average price of $228.03 and a 200 day moving average price of $223.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results 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, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.37%. Marsh & McLennan Companies's payout ratio is 39.80%.

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.