TIAA Trust National Association Sells 1,330 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TIAA Trust National Association lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,338 shares of the financial services provider’s stock after selling 1,330 shares during the period. TIAA Trust National Association’s holdings in Marsh & McLennan Companies were worth $2,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its holdings in Marsh & McLennan Companies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after acquiring an additional 830 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $2,825,000. DNB Asset Management AS lifted its holdings in shares of Marsh & McLennan Companies by 4.7% in the fourth quarter. DNB Asset Management AS now owns 120,411 shares of the financial services provider’s stock valued at $22,814,000 after purchasing an additional 5,405 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in shares of Marsh & McLennan Companies by 327.3% in the second quarter. Hudson Bay Capital Management LP now owns 235,000 shares of the financial services provider’s stock valued at $44,199,000 after purchasing an additional 180,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 24.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,211,704 shares of the financial services provider’s stock valued at $230,587,000 after purchasing an additional 235,502 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MMC shares. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a report on Tuesday, January 30th. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Finally, TD Cowen began coverage on Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $202.71.

Read Our Latest Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $203.50 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day simple moving average of $201.12 and a two-hundred day simple moving average of $196.25. Marsh & McLennan Companies, Inc. has a 1 year low of $166.84 and a 1 year high of $209.20. The company has a market capitalization of $100.43 billion, a P/E ratio of 27.03, a P/E/G ratio of 2.48 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the business posted $1.47 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s payout ratio is 37.72%.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

(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.

See Also

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

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