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

Hills Bank & Trust Co lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,955 shares of the financial services provider’s stock after selling 108 shares during the period. Hills Bank & Trust Co’s holdings in Marsh & McLennan Companies were worth $2,221,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $3,710,000. Czech National Bank grew its stake in shares of Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after purchasing an additional 6,282 shares during the last quarter. Raymond James & Associates grew its stake in shares of Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after purchasing an additional 23,133 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Marsh & McLennan Companies by 12.4% in the 1st quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock worth $187,218,000 after purchasing an additional 100,378 shares during the last quarter. Finally, Kinsale Capital Group Inc. increased its position in shares of Marsh & McLennan Companies by 26.8% in the first quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 3,984 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. 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. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Bank of America lifted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $218.27 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $107.20 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 3.29 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The firm has a 50 day moving average of $225.24 and a two-hundred day moving average of $216.12.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

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.