Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.0% during the 2nd quarter, Holdings Channel reports. The firm owned 137,283 shares of the financial services provider’s stock after buying an additional 14,685 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $30,016,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after buying an additional 4,505,548 shares during the period. Nuveen LLC purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $1,038,594,000. Ninety One UK Ltd lifted its stake in shares of Marsh & McLennan Companies by 153.6% during the first quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after buying an additional 1,436,044 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Marsh & McLennan Companies by 5,035.9% during the second quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after buying an additional 793,052 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock valued at $11,059,792,000 after buying an additional 581,930 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target on the stock. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. Barclays cut their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $238.76.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $201.25 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00. The firm has a fifty day moving average of $202.96 and a 200-day moving average of $216.74. The firm has a market capitalization of $98.94 billion, a P/E ratio of 24.13, a PEG ratio of 2.51 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

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.