Robeco Institutional Asset Management B.V. Has $248.34 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Robeco Institutional Asset Management B.V. decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 20.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,310,685 shares of the financial services provider’s stock after selling 333,120 shares during the quarter. Marsh & McLennan Companies accounts for 1.4% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 9th largest holding. Robeco Institutional Asset Management B.V.’s holdings in Marsh & McLennan Companies were worth $248,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Marsh & McLennan Companies by 20.1% in the third quarter. Allworth Financial LP now owns 1,117 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 187 shares during the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 12.7% in the third quarter. Verus Capital Partners LLC now owns 1,604 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 181 shares during the last quarter. Congress Asset Management Co. MA bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $397,000. AIA Group Ltd bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $681,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 42,305 shares of the financial services provider’s stock worth $8,051,000 after acquiring an additional 2,678 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MMC. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday, April 17th. UBS Group upped their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley raised their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $208.73.

View Our Latest Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Up 0.4 %

NYSE:MMC traded up $0.83 during trading hours on Friday, reaching $209.97. The company had a trading volume of 1,119,913 shares, compared to its average volume of 1,488,507. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $210.13. The firm has a market cap of $103.46 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 3.49 and a beta of 0.90. The business’s 50-day simple moving average is $203.26 and its two-hundred day simple moving average is $198.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the firm posted $2.53 EPS. Marsh & McLennan Companies’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.71 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.35%. Marsh & McLennan Companies’s payout ratio is 36.04%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares in the company, valued at $2,012,065.77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

(Free Report)

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.

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

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