Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 42.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,953 shares of the financial services provider’s stock after selling 52,125 shares during the quarter. Tredje AP fonden’s holdings in Marsh & McLennan Companies were worth $17,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock valued at $2,554,841,000 after acquiring an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock valued at $2,156,179,000 after purchasing an additional 96,750 shares in the last quarter. Northern Trust Corp boosted its position in shares of Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider’s stock worth $1,260,513,000 after buying an additional 726,713 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Marsh & McLennan Companies by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider’s stock valued at $1,108,459,000 after buying an additional 609,602 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Marsh & McLennan Companies by 7.2% in the 4th quarter. Nuveen Asset Management LLC now owns 4,581,773 shares of the financial services provider’s stock worth $973,214,000 after acquiring an additional 308,759 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MMC. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a report on Friday, July 18th. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Barclays cut their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. UBS Group dropped their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $239.79.

Marsh & McLennan Companies Trading Down 1.8%

NYSE:MMC opened at $202.57 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $218.42 and its 200-day moving average is $224.62. The firm has a market cap of $99.59 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.50 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 12 month low of $201.51 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.78%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.