TIAA Trust National Association Sells 120 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TIAA Trust National Association reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the 2nd quarter, Holdings Channel reports. The fund owned 10,912 shares of the financial services provider’s stock after selling 120 shares during the quarter. TIAA Trust National Association’s holdings in Marsh & McLennan Companies were worth $2,299,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $26,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth $27,000. Sachetta LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth about $29,000. Finally, Clear Investment Research LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $33,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,735 shares of company stock worth $6,151,377. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $231.37 on Thursday. The company has a market cap of $114.00 billion, a P/E ratio of 29.36, a P/E/G ratio of 3.17 and a beta of 0.94. The firm’s fifty day moving average price is $219.69 and its two-hundred day moving average price is $210.19. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $231.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the business earned $2.20 EPS. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MMC. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Bank of America increased their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, Roth Mkm lifted their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $214.25.

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.