M&T Bank Corp Sells 6,307 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

M&T Bank Corp decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 95,582 shares of the financial services provider’s stock after selling 6,307 shares during the quarter. M&T Bank Corp’s holdings in Marsh & McLennan Companies were worth $18,110,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Impax Asset Management Group plc bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $261,787,000. Assenagon Asset Management S.A. increased its holdings in Marsh & McLennan Companies by 3,413.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 532,670 shares of the financial services provider’s stock valued at $100,925,000 after buying an additional 517,510 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Marsh & McLennan Companies by 1,496.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 447,000 shares of the financial services provider’s stock valued at $85,064,000 after buying an additional 419,000 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Marsh & McLennan Companies by 60.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 791,161 shares of the financial services provider’s stock valued at $150,558,000 after acquiring an additional 298,300 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Marsh & McLennan Companies by 4.8% in the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock valued at $1,137,960,000 after acquiring an additional 271,408 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.0 %

Shares of NYSE MMC traded down $0.09 during mid-day trading on Friday, hitting $199.27. The company’s stock had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. 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 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. The company’s fifty day simple moving average is $202.84 and its 200-day simple moving average is $197.38. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the company posted $2.53 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate 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 issued 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 of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s 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 owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the transaction, 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. In the last ninety days, insiders sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore ISI increased their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a report on Wednesday, April 17th. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Morgan Stanley lifted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment 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’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $207.69.

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.