Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Cut by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,555 shares of the financial services provider’s stock after selling 77,341 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Marsh & McLennan Companies worth $51,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $283,389,000. Price T Rowe Associates Inc. MD boosted its stake in Marsh & McLennan Companies by 5.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,053,215 shares of the financial services provider’s stock valued at $3,867,186,000 after purchasing an additional 1,704,020 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Marsh & McLennan Companies by 65.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 3,358,169 shares of the financial services provider’s stock valued at $392,906,000 after purchasing an additional 1,331,609 shares in the last quarter. Viking Global Investors LP bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $154,507,000. Finally, BlackRock Inc. boosted its stake in Marsh & McLennan Companies by 3.0% during the 4th quarter. BlackRock Inc. now owns 41,242,579 shares of the financial services provider’s stock valued at $4,825,383,000 after purchasing an additional 1,183,921 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on MMC shares. Citigroup increased their price target on Marsh & McLennan Companies from $125.00 to $130.00 in a research note on Wednesday, March 31st. Morgan Stanley increased their price objective on Marsh & McLennan Companies from $126.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, April 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Marsh & McLennan Companies from $115.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 28th. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Finally, Raymond James reiterated a “market perform” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $130.00.

In other Marsh & McLennan Companies news, CEO Scott Mcdonald sold 112,051 shares of the stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $138.95, for a total transaction of $15,569,486.45. Following the transaction, the chief executive officer now directly owns 75,699 shares of the company’s stock, valued at $10,518,376.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.80% of the company’s stock.

NYSE MMC opened at $138.49 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $101.51 and a 1-year high of $139.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $70.43 billion, a P/E ratio of 31.62, a PEG ratio of 2.68 and a beta of 0.92. The stock has a fifty day moving average of $132.93.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Monday, April 26th. The financial services provider reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.28. Marsh & McLennan Companies had a net margin of 12.72% and a return on equity of 30.29%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.79 billion. During the same period in the prior year, the business posted $1.64 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 5.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 14th. Shareholders of record on Wednesday, April 7th were given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, April 6th. Marsh & McLennan Companies’s payout ratio is 37.42%.

About Marsh & McLennan Companies

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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Further Reading: Cost of Debt

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

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