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

TIAA Trust National Association boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,970 shares of the financial services provider’s stock after buying an additional 133 shares during the period. TIAA Trust National Association’s holdings in Marsh & McLennan Companies were worth $2,330,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Modera Wealth Management LLC grew its holdings in shares of Marsh & McLennan Companies by 2.5% during the fourth 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 buying an additional 47 shares during the last quarter. Hemington Wealth Management raised its position in shares of Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after buying an additional 48 shares in the last quarter. New England Professional Planning Group Inc. grew its position in Marsh & McLennan Companies by 4.1% in the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 50 shares in the last quarter. Finally, TFB Advisors LLC increased its stake in Marsh & McLennan Companies by 2.0% in the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 51 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’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 value of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,828 shares of company stock worth $13,350,279. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MMC shares. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They issued a “buy” rating and a $281.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $233.41.

Marsh & McLennan Companies Price Performance

MMC opened at $238.72 on Thursday. The stock’s 50 day moving average price is $228.56 and its 200-day moving average price is $223.95. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The stock has a market capitalization of $117.24 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results 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%. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

About Marsh & McLennan Companies

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.