Tredje AP fonden Sells 8,635 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tredje AP fonden reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,924 shares of the financial services provider’s stock after selling 8,635 shares during the period. Tredje AP fonden’s holdings in Marsh & McLennan Companies were worth $3,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Glenview Trust Co increased its stake in Marsh & McLennan Companies by 2.0% in the fourth quarter. Glenview Trust Co now owns 4,388 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 86 shares in the last quarter. Coastal Capital Group Inc. increased its stake in Marsh & McLennan Companies by 31.7% in the fourth quarter. Coastal Capital Group Inc. now owns 395 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 95 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Marsh & McLennan Companies by 2.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 4,927 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 96 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 28,888 shares of the financial services provider’s stock worth $3,218,000 after acquiring an additional 99 shares in the last quarter. Finally, Evercore Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 1.2% during the fourth quarter. Evercore Wealth Management LLC now owns 8,821 shares of the financial services provider’s stock worth $983,000 after acquiring an additional 102 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

MMC stock traded down $0.04 during trading on Friday, reaching $104.50. The stock had a trading volume of 1,866,495 shares, compared to its average volume of 3,283,468. Marsh & McLennan Companies, Inc. has a one year low of $74.33 and a one year high of $119.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $96.78 and its two-hundred day moving average is $104.84. The company has a market capitalization of $52.91 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 4.91 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.08. Marsh & McLennan Companies had a net margin of 10.33% and a return on equity of 30.94%. The business had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the firm posted $1.52 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Wednesday, April 8th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, April 7th. Marsh & McLennan Companies’s payout ratio is 39.06%.

Several equities research analysts have recently commented on the stock. Wells Fargo & Co decreased their target price on shares of Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Raymond James decreased their target price on shares of Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $117.00 to $100.00 in a research report on Monday, April 13th. Cfra raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and decreased their target price for the stock from $120.00 to $110.00 in a research report on Thursday, April 30th. Finally, Atlantic Securities raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 target price for the company in a research report on Tuesday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $108.50.

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 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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