QRG Capital Management Inc. Has $4.60 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

QRG Capital Management Inc. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,801 shares of the financial services provider’s stock after selling 18,916 shares during the period. QRG Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $4,595,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MMC. Norges Bank bought a new position in Marsh & McLennan Companies during the second quarter worth $1,328,587,000. Valeo Financial Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after buying an additional 2,623,745 shares during the period. Soundwatch Capital LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $560,820,000. Mackenzie Financial Corp lifted its position in Marsh & McLennan Companies by 212.6% during the second quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock worth $499,635,000 after acquiring an additional 1,554,114 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Marsh & McLennan Companies by 89.2% during the second quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after acquiring an additional 1,363,706 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MMC shares. Cantor Fitzgerald dropped their price target 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. Evercore ISI reduced their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Barclays raised their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. 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. Finally, The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $200.00 to $195.00 in a report on Monday, October 20th. Eight 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $218.82.

Marsh & McLennan Companies Price Performance

MMC stock opened at $182.39 on Monday. The company’s 50-day moving average price is $183.63 and its two-hundred day moving average price is $194.98. 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. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Profile

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.