Schroder Investment Management Group Reduces Position in Marsh & McLennan Companies, Inc. $MMC

Schroder Investment Management Group decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 345,241 shares of the financial services provider’s stock after selling 57,370 shares during the quarter. Schroder Investment Management Group owned 0.07% of Marsh & McLennan Companies worth $75,483,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. lifted its position in Marsh & McLennan Companies by 3.6% during the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 44 shares during the period. E Fund Management Co. Ltd. raised its stake in Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after buying an additional 47 shares during the last quarter. McAdam LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after buying an additional 47 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of Marsh & McLennan Companies by 5.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock worth $186,000 after buying an additional 47 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Marsh & McLennan Companies by 2.8% in the first quarter. Moors & Cabot Inc. now owns 1,738 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price on the stock. Bank of America reissued an “underperform” rating and issued a $181.00 price objective (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $209.00 to $191.00 in a research report on Friday, October 17th. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $224.56.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $183.51 on Friday. The stock has a market cap of $89.90 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a fifty day moving average price of $189.42 and a 200-day moving average price of $204.75. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.