Massmutual Trust Co. FSB ADV Lowers Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Massmutual Trust Co. FSB ADV decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,732 shares of the financial services provider’s stock after selling 667 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Marsh & McLennan Companies were worth $609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MMC. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $3,710,000. Raymond James & Associates boosted its stake in Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after buying an additional 23,133 shares during the last quarter. Veritas Investment Partners UK Ltd. grew its holdings in Marsh & McLennan Companies by 16.9% in the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after buying an additional 203,017 shares during the period. Nordea Investment Management AB increased its stake in shares of Marsh & McLennan Companies by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after acquiring an additional 100,378 shares during the last quarter. Finally, Kinsale Capital Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 26.8% during the 1st quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 3,984 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several research analyst reports. Barclays started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Bank of America upped their price objective on Marsh & McLennan Companies from $235.00 to $248.00 and gave the stock a “neutral” rating in a report on Tuesday. Roth Mkm lifted their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $215.81.

Marsh & McLennan Companies Trading Up 0.1 %

MMC opened at $222.16 on Friday. The firm has a market capitalization of $109.46 billion, a P/E ratio of 28.19, a P/E/G ratio of 3.13 and a beta of 0.94. The firm’s 50 day moving average is $224.32 and its 200-day moving average is $213.51. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock valued at $4,897,317 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.