Fifth Third Bancorp Sells 12,069 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fifth Third Bancorp lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,200 shares of the financial services provider's stock after selling 12,069 shares during the quarter. Fifth Third Bancorp owned 0.06% of Marsh & McLennan Companies worth $56,274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Indiana Trust & Investment Management CO bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Valley National Advisers Inc. lifted its position in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider's stock worth $25,000 after buying an additional 103 shares during the period. Private Wealth Management Group LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at $27,000. Finally, Headinvest LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at $28,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 0.2 %

Shares of Marsh & McLennan Companies stock traded down $0.40 during trading on Thursday, reaching $199.37. 1,821,465 shares of the company were exchanged, compared to its average volume of 1,744,055. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The business has a 50-day moving average price of $202.93 and a 200-day moving average price of $197.34. The firm has a market capitalization of $98.23 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 3.33 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.38 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies's payout ratio is 36.04%.

Analyst Ratings Changes

MMC has been the subject of several research analyst reports. TD Cowen lifted their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a "buy" rating to a "sell" rating and cut their price objective for the company from $215.00 to $185.00 in a research report on Monday, January 8th. UBS Group lifted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. Finally, Morgan Stanley boosted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $207.69.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was 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 $611,374.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Dean Michael Klisura sold 9,994 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $4,291,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stacy Mills sold 1,461 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $611,374.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,751 shares of company stock valued at $7,448,163. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Company 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 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.

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