Missouri Trust & Investment Co Trims Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Missouri Trust & Investment Co cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,717 shares of the financial services provider’s stock after selling 148 shares during the quarter. Missouri Trust & Investment Co’s holdings in Marsh & McLennan Companies were worth $790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMC. Assenagon Asset Management S.A. boosted its position in shares of Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after buying an additional 1,093,817 shares during the period. FMR LLC grew its position in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after purchasing an additional 504,897 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after purchasing an additional 426,425 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of Marsh & McLennan Companies by 93.9% in the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock valued at $160,563,000 after purchasing an additional 368,970 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 1.4 %

MMC stock opened at $218.21 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $107.17 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The company has a fifty day moving average price of $218.45 and a 200 day moving average price of $221.23.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies 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.