Toronto Dominion Bank Sells 89,594 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Toronto Dominion Bank cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,451 shares of the financial services provider’s stock after selling 89,594 shares during the quarter. Toronto Dominion Bank’s holdings in Marsh & McLennan Companies were worth $35,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Modera Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 46 shares during the period. Geneos Wealth Management Inc. boosted its stake in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management boosted its stake in Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 48 shares during the period. DF Dent & Co. Inc. boosted its stake in Marsh & McLennan Companies by 0.9% in the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock worth $1,224,000 after purchasing an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. boosted its stake in Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 50 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MMC has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective on the stock. Finally, Barclays upped their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Up 1.8%

Shares of MMC opened at $231.44 on Monday. The company has a market cap of $114.04 billion, a PE ratio of 28.26, a P/E/G ratio of 2.70 and a beta of 0.85. The business has a fifty day moving average of $229.22 and a 200 day moving average of $224.88. Marsh & McLennan Companies, Inc. has a 52-week low of $201.77 and a 52-week high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period last year, the company earned $2.89 earnings per share. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.95%.

Marsh & McLennan Companies Company 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.