National Bank of Canada FI decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 403,684 shares of the financial services provider’s stock after selling 143,978 shares during the period. National Bank of Canada FI’s holdings in Marsh & McLennan Companies were worth $76,978,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. increased its holdings in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $27,000. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $28,000. Headinvest LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $28,000. Finally, Cordant Inc. purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $28,000. 87.99% of the stock is currently owned by institutional investors.
Marsh & McLennan Companies Stock Performance
MMC traded down $0.09 on Friday, hitting $199.27. The company had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $202.84 and its 200 day moving average price is $197.48. The stock has a market cap of $98.18 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90.
Marsh & McLennan Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.
Insider Buying and Selling at Marsh & McLennan Companies
In other news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, 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 through this hyperlink. Also, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 in the last ninety days. Company insiders own 0.30% of the company’s stock.
Wall Street Analyst Weigh In
MMC has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. TD Cowen raised their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. UBS Group upped their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price objective for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Finally, Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $207.69.
View Our Latest Report on Marsh & McLennan Companies
Marsh & McLennan Companies Company 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.
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