Marsh & McLennan Companies, Inc. (MMC) Holdings Lessened by IBM Retirement Fund

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IBM Retirement Fund reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,050 shares of the financial services provider’s stock after selling 690 shares during the quarter. IBM Retirement Fund’s holdings in Marsh & McLennan Companies were worth $722,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Braun Bostich & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 26.3% in the fourth quarter. Braun Bostich & Associates Inc. now owns 548 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 114 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Marsh & McLennan Companies by 4.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,514 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 117 shares in the last quarter. Hutchinson Capital Management CA increased its holdings in shares of Marsh & McLennan Companies by 3.4% in the fourth quarter. Hutchinson Capital Management CA now owns 3,869 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 127 shares in the last quarter. CWM LLC increased its holdings in shares of Marsh & McLennan Companies by 7.3% in the fourth quarter. CWM LLC now owns 1,941 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 132 shares in the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of Marsh & McLennan Companies by 66.7% in the fourth quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

In related news, insider Scott Mcdonald sold 11,245 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $90.34, for a total transaction of $1,015,873.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,245 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total value of $115,287.00. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $270,669.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,725 shares of company stock valued at $20,508,280. 1.16% of the stock is owned by corporate insiders.

NYSE:MMC opened at $93.29 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock has a market cap of $47.12 billion, a P/E ratio of 21.45, a PEG ratio of 1.64 and a beta of 0.88. Marsh & McLennan Companies, Inc. has a 52-week low of $74.30 and a 52-week high of $94.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.06. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.72 billion. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 4.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Wednesday, January 30th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Tuesday, January 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.78%. Marsh & McLennan Companies’s payout ratio is presently 38.16%.

Several brokerages have issued reports on MMC. Zacks Investment Research downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Citigroup set a $99.00 price objective on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. Finally, Compass Point began coverage on Marsh & McLennan Companies in a report on Tuesday, January 15th. They set a “neutral” rating and a $86.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $91.67.

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Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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