Truist Financial Corp Sells 14,849 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Truist Financial Corp reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 366,130 shares of the financial services provider's stock after selling 14,849 shares during the period. Truist Financial Corp owned 0.07% of Marsh & McLennan Companies worth $77,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. boosted its position in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies during the third quarter valued at $31,000. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at $36,000. Finally, Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Evercore ISI restated an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Barclays raised their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $0.52 during trading hours on Friday, reaching $230.05. 2,193,747 shares of the company traded hands, compared to its average volume of 2,152,310. The firm has a 50-day moving average price of $218.22 and a 200 day moving average price of $222.25. The company has a market cap of $112.98 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.63 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.80%.

Marsh & McLennan Companies Company Profile

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.