Marsh & McLennan Companies, Inc. (NYSE:MMC) Stake Lowered by Toronto Dominion Bank

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Toronto Dominion Bank cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 93.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,793 shares of the financial services provider’s stock after selling 262,209 shares during the quarter. Toronto Dominion Bank’s holdings in Marsh & McLennan Companies were worth $30,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Virtus ETF Advisers LLC bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $28,000. Ameritas Investment Company LLC grew its holdings in shares of Marsh & McLennan Companies by 51.7% during the first quarter. Ameritas Investment Company LLC now owns 361 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 123 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Marsh & McLennan Companies by 2,252.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 400 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 383 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in shares of Marsh & McLennan Companies by 29.4% during the second quarter. Gradient Investments LLC now owns 445 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 101 shares during the last quarter. 87.39% of the stock is owned by institutional investors.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 4,114 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $115.78, for a total value of $476,318.92. Following the completion of the sale, the senior vice president now directly owns 8,939 shares in the company, valued at $1,034,957.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

MMC has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $115.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, July 20th. Credit Suisse Group reissued a “hold” rating and issued a $117.00 price objective on shares of Marsh & McLennan Companies in a report on Wednesday, August 12th. Raymond James increased their price objective on Marsh & McLennan Companies from $105.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Atlantic Securities raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price objective for the company in a report on Tuesday, May 12th. Finally, Wells Fargo & Co decreased their price objective on Marsh & McLennan Companies from $106.00 to $103.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $114.00.

MMC traded down $0.10 during trading on Thursday, reaching $116.00. The stock had a trading volume of 30,465 shares, compared to its average volume of 1,443,806. The firm has a market capitalization of $59.23 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.43. Marsh & McLennan Companies, Inc. has a 1-year low of $74.33 and a 1-year high of $119.88. The stock has a 50 day moving average of $113.55 and a two-hundred day moving average of $105.24.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.18 billion. Marsh & McLennan Companies had a return on equity of 31.82% and a net margin of 11.83%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, July 27th were given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 1.60%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. Marsh & McLennan Companies’s dividend payout ratio is 39.91%.

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 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; and insurance program management services.

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

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