Hardman Johnston Global Advisors LLC Lowers Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hardman Johnston Global Advisors LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 238,815 shares of the financial services provider’s stock after selling 5,275 shares during the quarter. Marsh & McLennan Companies makes up 1.5% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Hardman Johnston Global Advisors LLC’s holdings in Marsh & McLennan Companies were worth $45,248,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its holdings in Marsh & McLennan Companies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after purchasing an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after acquiring an additional 10,161 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Marsh & McLennan Companies by 5.5% during the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 75 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $2,825,000. Finally, DNB Asset Management AS boosted its stake in shares of Marsh & McLennan Companies by 4.7% during the 4th quarter. DNB Asset Management AS now owns 120,411 shares of the financial services provider’s stock worth $22,814,000 after acquiring an additional 5,405 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.6 %

MMC traded down $1.12 during trading on Friday, hitting $198.07. The company’s stock had a trading volume of 1,924,580 shares, compared to its average volume of 1,700,457. The stock has a market cap of $97.75 billion, a PE ratio of 26.45, a PEG ratio of 2.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50 day moving average price is $202.40 and its 200-day moving average price is $196.54. Marsh & McLennan Companies, Inc. has a twelve month low of $169.50 and a twelve month high of $209.20.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 37.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MMC shares. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday. Evercore ISI boosted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. StockNews.com downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, TD Cowen started coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $204.64.

Get Our Latest Stock Report on Marsh & McLennan Companies

Insider Transactions at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 in the last ninety days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Profile

(Free Report)

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.

See Also

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

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