TIAA Trust National Association Purchases 133 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TIAA Trust National Association raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,970 shares of the financial services provider’s stock after acquiring an additional 133 shares during the quarter. TIAA Trust National Association’s holdings in Marsh & McLennan Companies were worth $2,330,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MMC. Financial Life Planners bought a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $38,000. Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $45,000. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock valued at $13,350,279 over the last three months. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James restated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday. They set a “buy” rating and a $281.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $233.41.

Marsh & McLennan Companies Trading Up 0.9 %

NYSE MMC opened at $238.72 on Thursday. The business’s fifty day moving average is $228.56 and its 200-day moving average is $223.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $117.24 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Marsh & McLennan Companies 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.