M&T Bank Corp Has $5.45 Million Stake in Marsh & McLennan Companies, Inc. (MMC)

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M&T Bank Corp trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,324 shares of the financial services provider’s stock after selling 2,573 shares during the period. M&T Bank Corp’s holdings in Marsh & McLennan Companies were worth $5,449,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in Marsh & McLennan Companies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock worth $30,000 after buying an additional 140 shares during the period. Baystate Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 4,680.0% in the 4th quarter. Baystate Wealth Management LLC now owns 478 shares of the financial services provider’s stock worth $40,000 after buying an additional 468 shares during the period. Lavaca Capital LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth $48,000. IMS Capital Management bought a new position in Marsh & McLennan Companies in the 3rd quarter worth $50,000. Finally, We Are One Seven LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth $85,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

MMC opened at $89.92 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $74.30 and a 52 week high of $92.15. The stock has a market cap of $45.29 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.61 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.73.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.72 billion. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 4.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Wednesday, January 30th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 38.16%.

Several research analysts recently weighed in on the stock. UBS Group dropped their target price on shares of Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating for the company in a report on Monday, October 15th. Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, November 14th. Finally, Wells Fargo & Co set a $93.00 target price on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.80.

In other news, SVP E Scott Gilbert sold 89,789 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the sale, the senior vice president now directly owns 94,957 shares in the company, valued at approximately $8,550,877.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Mcdonald sold 11,245 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $90.34, for a total transaction of $1,015,873.30. The disclosure for this sale can be found here. 1.16% of the stock is owned by corporate insiders.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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