Conning Inc. Lowers Stake in Marsh & McLennan Companies, Inc. (MMC)

Share on StockTwits

Conning Inc. trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,914 shares of the financial services provider’s stock after selling 1,060 shares during the quarter. Conning Inc.’s holdings in Marsh & McLennan Companies were worth $791,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MMC. Baystate Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 4,680.0% during the fourth quarter. Baystate Wealth Management LLC now owns 478 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 468 shares during the period. Lavaca Capital LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $48,000. IMS Capital Management acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $50,000. We Are One Seven LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $85,000. Finally, Stelac Advisory Services LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $118,000. 86.22% of the stock is currently owned by institutional investors.

MMC has been the topic of a number of research reports. Wells Fargo & Co set a $93.00 target price on Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 25th. Morgan Stanley upped their target price on Marsh & McLennan Companies from $90.00 to $93.00 and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Zacks Investment Research raised Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Credit Suisse Group set a $91.00 target price on Marsh & McLennan Companies and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Finally, UBS Group lowered their price target on Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $92.70.

NYSE MMC opened at $83.76 on Thursday. The firm has a market capitalization of $42.19 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.34 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12 month low of $74.30 and a 12 month high of $89.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.73.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Wednesday, January 30th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, January 29th. Marsh & McLennan Companies’s payout ratio is currently 42.35%.

ILLEGAL ACTIVITY WARNING: “Conning Inc. Lowers Stake in Marsh & McLennan Companies, Inc. (MMC)” was first published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4115895/conning-inc-lowers-stake-in-marsh-mclennan-companies-inc-mmc.html.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

See Also: Why is the LIBOR significant?

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Pebblebrook Hotel Trust  Increases Dividend to $0.38 Per Share
Pebblebrook Hotel Trust Increases Dividend to $0.38 Per Share
APN Industria REIT  To Go Ex-Dividend on March 28th
APN Industria REIT To Go Ex-Dividend on March 28th
Volution Group PLC  Announces Dividend of GBX 1.60
Volution Group PLC Announces Dividend of GBX 1.60
Insider Selling: Ambarella Inc  VP Sells 3,700 Shares of Stock
Insider Selling: Ambarella Inc VP Sells 3,700 Shares of Stock
iShares Morningstar Mid-Cap Value ETF  Shares Bought by MML Investors Services LLC
iShares Morningstar Mid-Cap Value ETF Shares Bought by MML Investors Services LLC
Zacks: Analysts Expect Cloudera Inc  Will Announce Earnings of -$0.23 Per Share
Zacks: Analysts Expect Cloudera Inc Will Announce Earnings of -$0.23 Per Share


© 2006-2019 Ticker Report