Marsh & McLennan Companies, Inc. $MMC Position Decreased by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,210 shares of the financial services provider’s stock after selling 52,198 shares during the quarter. Impax Asset Management Group plc owned 0.09% of Marsh & McLennan Companies worth $86,700,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Madison Asset Management LLC increased its holdings in shares of Marsh & McLennan Companies by 2.4% in the third quarter. Madison Asset Management LLC now owns 319,737 shares of the financial services provider’s stock valued at $64,436,000 after buying an additional 7,358 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Marsh & McLennan Companies by 15.8% during the third quarter. Advisors Asset Management Inc. now owns 30,078 shares of the financial services provider’s stock worth $6,062,000 after purchasing an additional 4,106 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $2,834,000. Stratos Wealth Partners LTD. boosted its position in shares of Marsh & McLennan Companies by 3.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,004 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 76 shares during the period. Finally, MQS Management LLC raised its holdings in Marsh & McLennan Companies by 34.7% during the 3rd quarter. MQS Management LLC now owns 1,313 shares of the financial services provider’s stock worth $265,000 after buying an additional 338 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target on the stock. Finally, Evercore decreased their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $216.88.

Marsh & McLennan Companies Stock Down 1.7%

MMC opened at $182.39 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The business has a 50-day moving average of $183.95 and a 200-day moving average of $191.47. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.