Marsh & McLennan Companies, Inc. $MMC Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 90.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,275 shares of the financial services provider’s stock after selling 307,182 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $7,275,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock valued at $11,059,792,000 after purchasing an additional 581,930 shares in the last quarter. Wellington Management Group LLP lifted its position in Marsh & McLennan Companies by 54.2% during the first 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 buying an additional 4,505,548 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Marsh & McLennan Companies by 8.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after buying an additional 340,907 shares during the period. Nuveen LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $1,038,594,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Marsh & McLennan Companies by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider’s stock valued at $697,471,000 after acquiring an additional 65,778 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MMC shares. Morgan Stanley lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Citigroup initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $228.63.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 2.0%

Shares of Marsh & McLennan Companies stock opened at $180.14 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The stock has a market capitalization of $88.25 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.25 and a beta of 0.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The business’s 50 day simple moving average is $195.49 and its 200-day simple moving average is $209.21.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. 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.