Summit Trail Advisors LLC Cuts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Summit Trail Advisors LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,380 shares of the financial services provider’s stock after selling 473 shares during the period. Summit Trail Advisors LLC’s holdings in Marsh & McLennan Companies were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MMC. FMR LLC boosted its position in Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock valued at $3,696,223,000 after buying an additional 61,408 shares during the period. Ameriprise Financial Inc. raised its holdings in Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after purchasing an additional 31,821 shares in the last quarter. Morgan Stanley raised its holdings in Marsh & McLennan Companies by 2.5% in the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after purchasing an additional 150,655 shares in the last quarter. Northern Trust Corp raised its holdings in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after purchasing an additional 271,408 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Marsh & McLennan Companies by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock worth $623,723,000 after purchasing an additional 83,785 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the subject of several research reports. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods upped 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. increased their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $207.69.

Insider Buying and Selling

In related 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 sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 in the company, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction 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 approximately $2,868,198. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Up 0.3 %

Shares of NYSE MMC traded up $0.52 during mid-day trading on Tuesday, reaching $202.04. The company had a trading volume of 163,705 shares, compared to its average volume of 1,714,498. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $209.20. The business’s 50-day moving average is $202.80 and its 200-day moving average is $197.56. The stock has a market cap of $99.55 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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 firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the firm posted $2.53 EPS. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

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.