Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,441 shares of the financial services provider’s stock after selling 1,500 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Marsh & McLennan Companies were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in Marsh & McLennan Companies by 0.3% during the third quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after acquiring an additional 61,408 shares during the period. Ameriprise Financial Inc. grew its holdings in Marsh & McLennan Companies by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after acquiring an additional 31,821 shares during the period. Morgan Stanley grew its holdings in Marsh & McLennan Companies by 2.5% during the third quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after acquiring an additional 150,655 shares during the period. Northern Trust Corp grew its holdings in Marsh & McLennan Companies by 4.8% during the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after acquiring an additional 271,408 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Marsh & McLennan Companies by 2.6% in the third quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock valued at $623,723,000 after purchasing an additional 83,785 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. Morgan Stanley raised their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. UBS Group lifted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday. Finally, TD Cowen lifted their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $207.69.

Insider Activity

In related news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,751 shares of company stock valued at $7,448,163. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Trading Down 0.2 %

NYSE:MMC traded down $0.31 on Tuesday, reaching $201.12. The company’s stock had a trading volume of 583,449 shares, compared to its average volume of 1,720,889. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average price of $202.96 and a 200 day moving average price of $196.98. The firm has a market cap of $99.10 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Marsh & McLennan Companies Company Profile

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 through Risk and Insurance Services, and Consulting segments. 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, strategic advisory services, and analytics solutions, and insurance program management services.