Fifth Third Bancorp Sells 7,526 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fifth Third Bancorp trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,532 shares of the financial services provider’s stock after selling 7,526 shares during the period. Fifth Third Bancorp’s holdings in Marsh & McLennan Companies were worth $50,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. FMR LLC grew its stake in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares in the last quarter. Geode Capital Management LLC lifted its stake in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the period. Legal & General Group Plc grew its holdings in Marsh & McLennan Companies by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after acquiring an additional 223,257 shares in the last quarter. Parnassus Investments LLC raised its holdings in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after buying an additional 184,239 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $218.94 on Friday. The firm’s fifty day moving average is $218.07 and its two-hundred day moving average is $221.21. The firm has a market cap of $107.53 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on MMC. Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. UBS Group lifted their price objective 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. BMO Capital Markets raised their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Bank of America upped their price target on 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 analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.