Mitsubishi UFJ Trust & Banking Corp Sells 48,567 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 372,988 shares of the financial services provider’s stock after selling 48,567 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Marsh & McLennan Companies were worth $52,439,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MMC. D.A. Davidson & CO. increased its holdings in Marsh & McLennan Companies by 2.3% in the 1st quarter. D.A. Davidson & CO. now owns 3,718 shares of the financial services provider’s stock valued at $453,000 after buying an additional 83 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Marsh & McLennan Companies by 5.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,447 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 493 shares during the period. Diversified Trust Co grew its holdings in shares of Marsh & McLennan Companies by 33.1% in the 1st quarter. Diversified Trust Co now owns 7,530 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 1,871 shares during the last quarter. MAI Capital Management increased its position in shares of Marsh & McLennan Companies by 14.6% during the 1st quarter. MAI Capital Management now owns 2,120 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 270 shares in the last quarter. Finally, Geller Advisors LLC lifted its holdings in Marsh & McLennan Companies by 19.7% during the 1st quarter. Geller Advisors LLC now owns 2,127 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 350 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the stock. Bank of America upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “neutral” rating and set a $150.00 target price for the company in a research note on Friday, July 23rd. MKM Partners lifted their target price on shares of Marsh & McLennan Companies from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, July 23rd. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $133.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, July 9th. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $143.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, August 16th. Finally, Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $143.32.

In other news, Director Morton O. Schapiro sold 9,078 shares of the business’s stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $157.18, for a total value of $1,426,880.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by insiders.

Shares of MMC stock opened at $159.46 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $102.11 and a 12-month high of $162.26. The firm has a market capitalization of $80.79 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average of $153.27 and a 200-day moving average of $139.54.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 22nd. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.33. Marsh & McLennan Companies had a net margin of 13.49% and a return on equity of 31.17%. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 6.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Friday, October 8th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, October 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.06%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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

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