Skandinaviska Enskilda Banken AB publ Trims Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Skandinaviska Enskilda Banken AB publ decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,020 shares of the financial services provider's stock after selling 51,538 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Marsh & McLennan Companies were worth $34,133,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Impax Asset Management Group plc boosted its position in Marsh & McLennan Companies by 5.6% during the third quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider's stock valued at $403,200,000 after acquiring an additional 95,540 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Marsh & McLennan Companies by 33.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 2,352 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 585 shares during the last quarter. Entropy Technologies LP bought a new stake in Marsh & McLennan Companies during the third quarter valued at $849,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Marsh & McLennan Companies during the third quarter valued at $1,038,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in Marsh & McLennan Companies by 33.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,615 shares of the financial services provider's stock valued at $583,000 after acquiring an additional 661 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

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Insider Buying and Selling

In related news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

MMC has been the topic of a number of research analyst reports. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Barclays increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. Finally, Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $0.90 during mid-day trading on Tuesday, hitting $232.01. 1,510,769 shares of the stock were exchanged, compared to its average volume of 1,638,038. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. The company has a 50-day simple moving average of $225.34 and a 200 day simple moving average of $223.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $113.95 billion, a P/E ratio of 28.33, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.