Intech Investment Management LLC Sells 19,871 Shares of Marsh & McLennan Companies, Inc. $MMC

Intech Investment Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 37.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,533 shares of the financial services provider’s stock after selling 19,871 shares during the period. Intech Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $6,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MMC. Bradley Foster & Sargent Inc. CT boosted its stake in Marsh & McLennan Companies by 0.4% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 539,325 shares of the financial services provider’s stock worth $108,690,000 after buying an additional 2,291 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Marsh & McLennan Companies by 6.1% during the 3rd quarter. TD Asset Management Inc now owns 981,977 shares of the financial services provider’s stock valued at $197,898,000 after acquiring an additional 56,442 shares in the last quarter. First Heartland Consultants Inc. increased its stake in Marsh & McLennan Companies by 7.1% in the third quarter. First Heartland Consultants Inc. now owns 1,000 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 66 shares during the period. LGT Capital Partners LTD. raised its position in Marsh & McLennan Companies by 9.1% in the third quarter. LGT Capital Partners LTD. now owns 177,731 shares of the financial services provider’s stock worth $35,818,000 after purchasing an additional 14,769 shares in the last quarter. Finally, Mufg Securities Americas Inc. boosted its holdings in Marsh & McLennan Companies by 21.4% during the third quarter. Mufg Securities Americas Inc. now owns 13,257 shares of the financial services provider’s stock valued at $2,672,000 after purchasing an additional 2,337 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Cantor Fitzgerald cut their price objective on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Barclays upped their target price on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Citigroup decreased their price objective on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $216.88.

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE:MMC opened at $182.39 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The firm has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $183.51 and its two-hundred day moving average price is $189.86.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, January 29th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

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.