Marsh & McLennan Companies, Inc. $MMC Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 51.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,960 shares of the financial services provider’s stock after selling 100,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Marsh & McLennan Companies were worth $19,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Glenview Trust Co raised its position in shares of Marsh & McLennan Companies by 2,554.0% in the 3rd quarter. Glenview Trust Co now owns 103,427 shares of the financial services provider’s stock valued at $20,844,000 after purchasing an additional 99,530 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Marsh & McLennan Companies by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,872,982 shares of the financial services provider’s stock worth $982,071,000 after purchasing an additional 441,029 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Marsh & McLennan Companies by 4.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 172,637 shares of the financial services provider’s stock worth $34,792,000 after purchasing an additional 7,809 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 12.3% during the third quarter. PNC Financial Services Group Inc. now owns 671,907 shares of the financial services provider’s stock worth $135,409,000 after purchasing an additional 73,526 shares during the period. Finally, NorthStar Asset Management LLC NJ raised its position in shares of Marsh & McLennan Companies by 3.2% during the 3rd quarter. NorthStar Asset Management LLC NJ now owns 7,301 shares of the financial services provider’s stock worth $1,471,000 after purchasing an additional 223 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MMC shares. Evercore reduced their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Citigroup decreased their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. JPMorgan Chase & Co. dropped their target price on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Cantor Fitzgerald lowered their target price on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $216.88.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Shares of Marsh & McLennan Companies stock opened at $182.39 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50-day moving average of $183.96 and a 200-day moving average of $190.80. The stock has a market cap of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, January 29th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.