Quantinno Capital Management LP Has $42.82 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

Quantinno Capital Management LP grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 57.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,855 shares of the financial services provider’s stock after buying an additional 89,792 shares during the quarter. Quantinno Capital Management LP’s holdings in Marsh & McLennan Companies were worth $42,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Family Manage LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $266,000. Gateway Wealth Partners LLC bought a new stake in Marsh & McLennan Companies during the first quarter worth $638,000. Quadcap Wealth Management LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter valued at $918,000. OMERS ADMINISTRATION Corp lifted its stake in Marsh & McLennan Companies by 28.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 22,736 shares of the financial services provider’s stock valued at $3,944,000 after acquiring an additional 5,076 shares in the last quarter. Finally, 44 Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 6.6% during the 1st quarter. 44 Wealth Management LLC now owns 3,148 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

MRSH has been the subject of several analyst reports. Morgan Stanley lowered their target price on shares of Marsh & McLennan Companies from $180.00 to $175.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. Bank of America cut their price target on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Citigroup lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, July 22nd. Barclays cut their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $206.00 to $212.00 and gave the company an “overweight” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $201.94.

Marsh & McLennan Companies Stock Performance

MRSH opened at $197.56 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $156.60 and a fifty-two week high of $213.80. The firm’s 50-day moving average is $172.40. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $94.28 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.76 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last released its earnings results on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.07. Marsh & McLennan Companies had a net margin of 14.24% and a return on equity of 32.67%. The firm had revenue of $7.28 billion for the quarter. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 23rd will be paid a $0.99 dividend. The ex-dividend date is Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. This represents a $3.96 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 48.41%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, insider Martin South sold 7,100 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total value of $1,348,929.00. Following the completion of the sale, the insider directly owned 16,632 shares of the company’s stock, valued at $3,159,913.68. This trade represents a 29.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Q. Doyle sold 16,656 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer directly owned 116,811 shares in the company, valued at $18,889,506.81. This represents a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 35,756 shares of company stock valued at $6,150,171. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Company 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.