Marshall Wace North America L.P. Lowers Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marshall Wace North America L.P. lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 97.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,993 shares of the financial services provider’s stock after selling 80,840 shares during the quarter. Marshall Wace North America L.P.’s holdings in Marsh & McLennan Companies were worth $187,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its position in Marsh & McLennan Companies by 4.5% during the 1st quarter. Marshall Wace LLP now owns 95,186 shares of the financial services provider’s stock valued at $8,938,000 after acquiring an additional 4,062 shares during the period. Thor Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth approximately $37,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth approximately $1,969,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Marsh & McLennan Companies by 5.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,572,102 shares of the financial services provider’s stock worth $429,320,000 after acquiring an additional 241,900 shares during the period. Finally, Mission Wealth Management LP grew its stake in shares of Marsh & McLennan Companies by 6.0% in the first quarter. Mission Wealth Management LP now owns 4,827 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 273 shares during the period. Hedge funds and other institutional investors own 85.03% of the company’s stock.

MMC traded down $0.96 during trading on Friday, reaching $100.60. 1,647,126 shares of the company’s stock were exchanged, compared to its average volume of 1,609,289. The stock has a market capitalization of $51.93 billion, a PE ratio of 23.13, a P/E/G ratio of 1.82 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 1 year low of $74.30 and a 1 year high of $103.36. The stock has a fifty day moving average of $99.54. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.07. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter last year, the company earned $1.23 EPS. The business’s revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 4.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, July 10th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s payout ratio is 41.84%.

MMC has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a GBX 150 ($1.96) target price on shares of in a research report on Monday, June 17th. Keefe, Bruyette & Woods downgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $100.00 to $99.00 in a report on Wednesday, June 12th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a research note on Friday, April 5th. Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $96.33.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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