Robeco Institutional Asset Management B.V. Sells 412,472 Shares of Marsh & McLennan Companies, Inc. $MMC

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,476,821 shares of the financial services provider’s stock after selling 412,472 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Marsh & McLennan Companies were worth $297,624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MMC. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter worth about $29,000. Westside Investment Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the period. Delos Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $32,000. TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $32,000. Finally, Access Investment Management LLC purchased a new stake in Marsh & McLennan Companies in the second quarter worth about $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 2.7%

Shares of Marsh & McLennan Companies stock opened at $187.33 on Tuesday. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The firm’s 50 day simple moving average is $182.74 and its two-hundred day simple moving average is $197.08. 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 firm has a market capitalization of $91.78 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.93 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. TD Cowen dropped their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Mizuho assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target for the company. Finally, Evercore ISI dropped their price objective on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Eight 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $222.35.

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.