American Century Companies Inc. Lowers Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

American Century Companies Inc. cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 48.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,679,064 shares of the financial services provider’s stock after selling 1,590,563 shares during the quarter. American Century Companies Inc. owned 0.33% of Marsh & McLennan Companies worth $133,905,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Braun Bostich & Associates Inc. increased its stake in Marsh & McLennan Companies by 26.3% in the fourth quarter. Braun Bostich & Associates Inc. now owns 548 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 114 shares in the last quarter. Kaizen Advisory LLC increased its position in shares of Marsh & McLennan Companies by 9.2% during the fourth quarter. Kaizen Advisory LLC now owns 1,360 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 115 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Marsh & McLennan Companies by 4.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,514 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 117 shares in the last quarter. Hutchinson Capital Management CA increased its position in shares of Marsh & McLennan Companies by 3.4% during the fourth quarter. Hutchinson Capital Management CA now owns 3,869 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 127 shares in the last quarter. Finally, CWM LLC increased its position in shares of Marsh & McLennan Companies by 7.3% during the fourth quarter. CWM LLC now owns 1,941 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 132 shares in the last quarter. 87.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP E Scott Gilbert sold 89,789 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $90.05, for a total value of $8,085,499.45. Following the completion of the sale, the senior vice president now directly owns 94,957 shares of the company’s stock, valued at approximately $8,550,877.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter C. Hearn sold 2,562 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $92.68, for a total transaction of $237,446.16. Following the completion of the sale, the chief executive officer now directly owns 2,001 shares of the company’s stock, valued at $185,452.68. The disclosure for this sale can be found here. Insiders have sold a total of 223,725 shares of company stock valued at $20,508,280 in the last three months. 1.16% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective for the company. Compass Point began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 price objective for the company. Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a research note on Saturday, February 2nd. Wells Fargo & Co reiterated a “market perform” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, April 5th. Finally, Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $93.60.

Marsh & McLennan Companies stock traded down $0.16 during midday trading on Wednesday, reaching $94.63. 1,954,438 shares of the stock were exchanged, compared to its average volume of 1,639,875. The firm has a market capitalization of $47.15 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.71 and a beta of 0.88. Marsh & McLennan Companies, Inc. has a 52 week low of $74.30 and a 52 week high of $95.82. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.72 billion. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.66 annualized dividend and a yield of 1.75%. Marsh & McLennan Companies’s payout ratio is currently 38.16%.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/24/marsh-mclennan-companies-inc-mmc-shares-sold-by-american-century-companies-inc.html.

About Marsh & McLennan Companies

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 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; and insurance program management services.

Featured Article: What are Bollinger Bands?

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.