Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,333 shares of the financial services provider’s stock after selling 89 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marsh & McLennan Companies were worth $27,464,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the first quarter worth about $27,000. Sachetta LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $29,000. Clear Investment Research LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. Finally, Crewe Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $231.17 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The business’s 50-day moving average price is $222.50 and its two-hundred day moving average price is $211.78. The company has a market capitalization of $113.90 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 EPS. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Roth Mkm boosted their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Bank of America boosted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, Barclays assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $215.53.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock valued at $4,897,317 over the last three months. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Profile

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.