Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Lowered by UMB Bank n.a.

UMB Bank n.a. decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,472 shares of the financial services provider’s stock after selling 56 shares during the quarter. UMB Bank n.a.’s holdings in Marsh & McLennan Companies were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the first quarter valued at about $27,000. Crewe Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $35,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Finally, Bank of America lifted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $216.69.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,735 shares of company stock worth $4,897,317. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.7 %

NYSE:MMC opened at $225.05 on Friday. The company’s 50 day moving average is $224.44 and its 200-day moving average is $214.23. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The firm has a market cap of $110.89 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

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 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.