TIAA Trust National Association lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,032 shares of the financial services provider’s stock after selling 306 shares during the quarter. TIAA Trust National Association’s holdings in Marsh & McLennan Companies were worth $2,272,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies during the 1st quarter worth $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth about $27,000. Finally, Cordant Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $28,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Marsh & McLennan Companies
In other news, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’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 sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,338 shares of company stock worth $2,187,012. Company insiders own 0.30% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Stock Up 1.3 %
NYSE MMC traded up $2.71 during trading hours on Monday, reaching $219.46. 648,832 shares of the company traded hands, compared to its average volume of 1,687,476. The company has a current ratio of 1.17, a quick ratio of 1.14 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 $221.71. The company has a 50 day moving average of $211.10 and a two-hundred day moving average of $204.02. The stock has a market capitalization of $108.13 billion, a PE ratio of 27.51, a PEG ratio of 3.05 and a beta of 0.94.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 EPS. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.72 earnings per share for the current year.
Marsh & McLennan Companies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is 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.
Recommended Stories
- Five stocks we like better than Marsh & McLennan Companies
- Do ETFs Pay Dividends? What You Need to Know
- Intuitive Surgical Stock Outperforms Market: Highs on the Horizon
- Where to Find Earnings Call Transcripts
- Has This Leading Tech Stock Halted the AI Surge?
- Why Are These Companies Considered Blue Chips?
- Revolutionary Battery Stock Gains Momentum with 3D Silicon-Anodes
Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report).
Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.