National Bank of Canada FI Reduces Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

National Bank of Canada FI cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 403,684 shares of the financial services provider’s stock after selling 143,978 shares during the quarter. National Bank of Canada FI owned about 0.08% of Marsh & McLennan Companies worth $76,978,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MMC. Treasurer of the State of North Carolina boosted its holdings in Marsh & McLennan Companies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after purchasing an additional 830 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Marsh & McLennan Companies by 0.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after acquiring an additional 10,161 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Marsh & McLennan Companies by 5.5% in the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 75 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Marsh & McLennan Companies in the fourth quarter valued at $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $2,825,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.0 %

MMC traded down $0.09 during trading on Friday, hitting $199.27. 1,039,890 shares of the company’s stock traded hands, compared to its average volume of 1,926,955. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company’s 50 day simple moving average is $202.84 and its two-hundred day simple moving average is $197.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $98.18 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 3.32 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the 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 owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 in the last ninety days. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MMC shares. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Evercore ISI raised their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley lifted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Finally, Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $207.69.

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.