Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 80.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,594 shares of the financial services provider’s stock after selling 18,515 shares during the quarter. Vontobel Holding Ltd.’s holdings in Marsh & McLennan Companies were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. BlackRock Inc. now owns 41,242,579 shares of the financial services provider’s stock worth $4,825,383,000 after acquiring an additional 1,183,921 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Marsh & McLennan Companies by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,053,215 shares of the financial services provider’s stock worth $3,867,186,000 after acquiring an additional 1,704,020 shares during the last quarter. FMR LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.6% in the 4th quarter. FMR LLC now owns 12,449,048 shares of the financial services provider’s stock worth $1,456,538,000 after acquiring an additional 319,737 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in Marsh & McLennan Companies by 1.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,959,581 shares of the financial services provider’s stock worth $697,144,000 after buying an additional 99,333 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Marsh & McLennan Companies by 0.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 5,032,938 shares of the financial services provider’s stock worth $588,854,000 after buying an additional 38,435 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

A number of research firms have issued reports on MMC. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Piper Sandler upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $145.00 in a report on Wednesday, April 28th. Morgan Stanley increased their target price on shares of Marsh & McLennan Companies from $126.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, April 16th. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and raised their price objective for the company from $111.00 to $136.00 in a report on Thursday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Marsh & McLennan Companies from $115.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $130.00.

NYSE MMC opened at $138.49 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a fifty day moving average of $132.93. The stock has a market cap of $70.43 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 2.68 and a beta of 0.92. Marsh & McLennan Companies, Inc. has a 12 month low of $101.51 and a 12 month high of $139.93.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Monday, April 26th. The financial services provider reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.28. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.79 billion. Marsh & McLennan Companies had a net margin of 12.72% and a return on equity of 30.29%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 5.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 14th. Shareholders of record on Wednesday, April 7th were given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, April 6th. Marsh & McLennan Companies’s payout ratio is currently 37.42%.

In other Marsh & McLennan Companies news, CEO Scott Mcdonald sold 112,051 shares of the firm’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $138.95, for a total transaction of $15,569,486.45. Following the transaction, the chief executive officer now directly owns 75,699 shares of the company’s stock, valued at approximately $10,518,376.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

About Marsh & McLennan Companies

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 and 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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