Stockman Wealth Management Inc. Reduces Position in Marsh & McLennan Companies, Inc. (MMC)

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Stockman Wealth Management Inc. lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,525 shares of the financial services provider’s stock after selling 150 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Marsh & McLennan Companies were worth $331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canton Hathaway LLC bought a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $30,000. Sontag Advisory LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $26,000. Howe & Rusling Inc. increased its position in Marsh & McLennan Companies by 66.7% during the 4th quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 136 shares during the period. Capital Financial Planning LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $29,000. Finally, Parkside Financial Bank & Trust increased its position in Marsh & McLennan Companies by 58.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

A number of research firms have weighed in on MMC. ValuEngine raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a research report on Monday, April 8th. They set a “neutral” rating and a $98.00 target price for the company. Wells Fargo & Co reissued a “market perform” rating and set a $95.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Finally, Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $93.60.

In other news, VP Stacy Mills sold 1,245 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $270,669.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter J. Beshar sold 67,655 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $93.14, for a total transaction of $6,301,386.70. Following the sale, the executive vice president now directly owns 487,576 shares of the company’s stock, valued at approximately $45,412,828.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,691 shares of company stock valued at $11,406,907. Insiders own 1.16% of the company’s stock.

Shares of MMC stock traded up $0.01 during trading hours on Friday, hitting $95.72. 49,231 shares of the company were exchanged, compared to its average volume of 1,795,613. The company has a market cap of $48.05 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.73 and a beta of 0.86. Marsh & McLennan Companies, Inc. has a fifty-two week low of $74.30 and a fifty-two week high of $96.34. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.45 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.19 billion. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, April 9th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.16%.

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About Marsh & McLennan Companies

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 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; and insurance program management services.

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

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