National Bank of Canada FI Has $76.98 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

National Bank of Canada FI trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,684 shares of the financial services provider's stock after selling 143,978 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Marsh & McLennan Companies worth $76,978,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Treasurer of the State of North Carolina increased its holdings in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider's stock worth $42,602,000 after purchasing an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Marsh & McLennan Companies by 0.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider's stock worth $221,078,000 after purchasing an additional 10,161 shares during the period. CENTRAL TRUST Co grew its stake in Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider's stock valued at $274,000 after buying an additional 75 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $2,825,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MMC. TD Cowen raised their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Morgan Stanley raised their price target 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. UBS Group boosted their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a "hold" rating in a research note on Friday, April 19th. Finally, The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a "buy" rating to a "sell" rating and decreased their price target for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $207.69.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares of the company's stock, valued at $6,762,205.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, 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 owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares of the company's stock, valued at $6,762,205.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 Trading Down 0.0 %

MMC stock traded down $0.09 on Friday, hitting $199.27. 1,039,890 shares of the company were exchanged, compared to its average volume of 1,926,955. The business's fifty day moving average is $202.84 and its two-hundred day moving average is $197.48. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $98.18 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 earnings per share. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 36.04%.

Marsh & McLennan Companies 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.