Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Decreased by M&T Bank Corp

M&T Bank Corp reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,495 shares of the financial services provider’s stock after selling 2,550 shares during the period. M&T Bank Corp’s holdings in Marsh & McLennan Companies were worth $10,373,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Executive Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at $8,337,000. Continuum Advisory LLC boosted its position in Marsh & McLennan Companies by 58.7% during the third quarter. Continuum Advisory LLC now owns 1,271 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 470 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Marsh & McLennan Companies by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 253,468 shares of the financial services provider’s stock valued at $56,546,000 after purchasing an additional 3,771 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Marsh & McLennan Companies by 4.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 345,027 shares of the financial services provider’s stock worth $76,972,000 after purchasing an additional 15,351 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Marsh & McLennan Companies by 49.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 15,552 shares of the financial services provider’s stock valued at $3,469,000 after buying an additional 5,112 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $214.34 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day moving average is $224.55 and its 200-day moving average is $220.70. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $235.50. The company has a market cap of $105.27 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.71 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is 40.15%.

Analyst Ratings Changes

Several brokerages recently weighed in on MMC. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Bank of America increased their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, Roth Mkm raised their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $227.60.

Marsh & McLennan Companies 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.