Glenmede Trust Co. NA Sells 2,733 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Glenmede Trust Co. NA lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,337 shares of the financial services provider’s stock after selling 2,733 shares during the quarter. Glenmede Trust Co. NA’s holdings in Marsh & McLennan Companies were worth $35,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. 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 lifted its holdings in shares of Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after acquiring an additional 6,282 shares during the period. Raymond James & Associates grew its holdings 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. Cetera Investment Advisers increased its position in shares of Marsh & McLennan Companies by 236.7% during the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock worth $11,431,000 after purchasing an additional 39,013 shares in the last quarter. Finally, Kinsale Capital Group Inc. boosted its position in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after buying an additional 3,880 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE:MMC opened at $233.23 on Thursday. The company has a market cap of $114.54 billion, a PE ratio of 28.72, a PEG ratio of 2.78 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $235.21. The stock has a 50-day simple moving average of $223.89 and a 200 day simple moving average of $219.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company 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%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 EPS. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analyst Ratings Changes

Several brokerages have recently commented on MMC. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Roth Mkm boosted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group boosted 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 note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $227.60.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

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.