Private Trust Co. NA Decreases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Private Trust Co. NA reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,509 shares of the financial services provider’s stock after selling 193 shares during the quarter. Private Trust Co. NA’s holdings in Marsh & McLennan Companies were worth $2,791,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its stake in Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after purchasing an additional 679,474 shares during the last quarter. International Assets Investment Management LLC boosted its position in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after buying an additional 426,425 shares during the last quarter. Truist Financial Corp increased its holdings in Marsh & McLennan Companies by 93.9% in the 2nd quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock worth $160,563,000 after buying an additional 368,970 shares during the period. Los Angeles Capital Management LLC lifted its stake in Marsh & McLennan Companies by 219.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after acquiring an additional 363,569 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $57,851,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Finally, Bank of America increased their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $227.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $228.43 on Monday. The firm has a fifty day moving average price of $223.67 and a 200 day moving average price of $218.93. The company has a market cap of $112.19 billion, a P/E ratio of 28.06, a PEG ratio of 3.39 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

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 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.