Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,660 shares of the financial services provider's stock after selling 2,225 shares during the period. Comerica Bank's holdings in Marsh & McLennan Companies were worth $31,789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $38,000. Transce3nd LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $39,000. Finally, Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at $41,000. Institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $5,129,075. This trade represents a 31.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of MMC traded down $0.49 during mid-day trading on Tuesday, hitting $226.08. The company's stock had a trading volume of 399,619 shares, compared to its average volume of 1,875,754. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $111.40 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.70 and a beta of 0.85. The company's 50-day moving average is $230.91 and its 200-day moving average is $224.54. Marsh & McLennan Companies, Inc. has a 52-week low of $199.69 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the company posted $2.89 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MMC. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Raymond James reissued an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. Finally, UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Profile

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