Marsh & McLennan Companies, Inc. $MMC Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 41.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,546 shares of the financial services provider’s stock after selling 19,132 shares during the period. UMB Bank n.a.’s holdings in Marsh & McLennan Companies were worth $5,350,000 at the end of the most recent reporting period.

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

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MMC. Cantor Fitzgerald decreased their target price on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price on the stock. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price objective for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Finally, Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $218.82.

Marsh & McLennan Companies Trading Down 1.7%

Marsh & McLennan Companies stock opened at $182.39 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50-day moving average is $183.96 and its 200-day moving average is $192.84. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

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.