Keybank National Association OH Sells 860 Shares of Marsh & McLennan Companies, Inc. (MMC)

Keybank National Association OH cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% during the first quarter, Holdings Channel reports. The firm owned 36,206 shares of the financial services provider’s stock after selling 860 shares during the quarter. Keybank National Association OH’s holdings in Marsh & McLennan Companies were worth $3,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Braun Bostich & Associates Inc. increased its holdings in Marsh & McLennan Companies by 26.3% during the fourth quarter. Braun Bostich & Associates Inc. now owns 548 shares of the financial services provider’s stock worth $44,000 after buying an additional 114 shares during the last quarter. Kaizen Advisory LLC increased its holdings in 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 buying an additional 115 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 buying an additional 117 shares during the last quarter. CX Institutional increased its holdings in Marsh & McLennan Companies by 1.3% during the first quarter. CX Institutional now owns 8,877 shares of the financial services provider’s stock worth $834,000 after buying an additional 117 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Marsh & McLennan Companies by 3.0% during the first quarter. Global Retirement Partners LLC now owns 4,279 shares of the financial services provider’s stock worth $402,000 after buying an additional 123 shares during the last quarter. Institutional investors own 86.36% of the company’s stock.

A number of equities analysts recently weighed in on MMC shares. Wells Fargo & Co restated a “market perform” rating and set a $95.00 target price on shares of Marsh & McLennan Companies in a report on Friday, April 5th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Tuesday, March 19th. Goldman Sachs Group started coverage on shares of Marsh & McLennan Companies in a report on Monday, April 8th. They set a “neutral” rating and a $98.00 target price on the stock. ValuEngine upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Finally, Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $93.60.

In other news, EVP Peter J. Beshar sold 67,655 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $93.14, for a total value of $6,301,386.70. Following the completion of the sale, the executive vice president now owns 487,576 shares of the company’s stock, valued at $45,412,828.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 1,245 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $270,669.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,691 shares of company stock worth $11,406,907. Corporate insiders own 1.16% of the company’s stock.

NYSE:MMC opened at $96.19 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $97.68. The firm has a market capitalization of $49.68 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.78 and a beta of 0.86. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 4.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be issued a $0.455 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, July 10th. Marsh & McLennan Companies’s payout ratio is currently 38.16%.

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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 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.

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

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