Latest Stocks: MUFG Americas Holdings Corp Sells 2,772 Shares of Marsh & McLennan Companies, Inc. (MMC)

Latest Stocks: MUFG Americas Holdings Corp Sells 2,772 Shares of Marsh & McLennan Companies, Inc. (MMC)

MUFG Americas Holdings Corp reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 42.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,791 shares of the financial services provider’s stock after selling 2,772 shares during the period. MUFG Americas Holdings Corp’s holdings in Marsh & McLennan Companies were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Partners Fund LP purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $101,000. Seven Bridges Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 21.0% in the third quarter. Seven Bridges Advisors LLC now owns 1,524 shares of the financial services provider’s stock worth $102,000 after buying an additional 264 shares in the last quarter. Advantage Investment Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $109,000. CENTRAL TRUST Co raised its stake in shares of Marsh & McLennan Companies by 7.3% in the first quarter. CENTRAL TRUST Co now owns 1,502 shares of the financial services provider’s stock worth $111,000 after buying an additional 102 shares in the last quarter. Finally, Ledyard National Bank raised its stake in shares of Marsh & McLennan Companies by 651.7% in the first quarter. Ledyard National Bank now owns 1,511 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,310 shares in the last quarter. 84.44% of the stock is owned by institutional investors.

Shares of Marsh & McLennan Companies, Inc. (MMC) opened at 77.38 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $62.33 and a 12 month high of $77.87. The company has a 50-day moving average price of $74.46 and a 200-day moving average price of $71.78. The stock has a market cap of $39.79 billion, a price-to-earnings ratio of 21.74 and a beta of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.46 billion. Marsh & McLennan Companies had a return on equity of 35.87% and a net margin of 16.50%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 11th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, July 7th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.34. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.24%.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.46 billion. Marsh & McLennan Companies had a return on equity of 35.87% and a net margin of 16.50%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post $3.81 EPS for the current fiscal year. Several analysts recently weighed in on MMC shares. Credit Suisse Group AG set a $74.00 price objective on Marsh & McLennan Companies and gave the company a “hold” rating in a report on Saturday, March 25th. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, April 4th. Wells Fargo & Co reiterated a “buy” rating on shares of Marsh & McLennan Companies in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price (up from $74.00) on shares of Marsh & McLennan Companies in a report on Friday, April 28th. Finally, Deutsche Bank AG boosted their target price on shares of Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.34.

In other news, insider Daniel S. Glaser sold 488,487 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $73.17, for a total value of $35,742,593.79. Following the completion of the sale, the insider now owns 483,211 shares of the company’s stock, valued at $35,356,548.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert J. Rapport sold 7,011 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $73.88, for a total value of $517,972.68. Following the completion of the sale, the senior vice president now directly owns 27,794 shares of the company’s stock, valued at approximately $2,053,420.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 679,803 shares of company stock valued at $49,904,666. 1.51% of the stock is currently owned by insiders. About Marsh & McLennan Companies

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