Impax Asset Management Group plc Has $86.70 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Impax Asset Management Group plc lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 430,210 shares of the financial services provider’s stock after selling 52,198 shares during the quarter. Impax Asset Management Group plc’s holdings in Marsh & McLennan Companies were worth $86,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after buying an additional 837,117 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after acquiring an additional 196,475 shares in the last quarter. Norges Bank bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $1,328,587,000. Artisan Partners Limited Partnership raised its position in Marsh & McLennan Companies by 0.9% in the second quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock worth $752,877,000 after purchasing an additional 32,118 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Marsh & McLennan Companies by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock worth $634,405,000 after purchasing an additional 43,462 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, December 1st. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $182.39 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $183.95 and a 200 day simple moving average of $191.47. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week 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.

Marsh & McLennan Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Citigroup cut their target price on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Royal Bank Of Canada began coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Cantor Fitzgerald cut their price target on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $216.88.

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.