TD Asset Management Inc. Has $173.35 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TD Asset Management Inc. trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 816,109 shares of the financial services provider’s stock after selling 55,818 shares during the period. TD Asset Management Inc. owned approximately 0.17% of Marsh & McLennan Companies worth $173,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MMC. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock valued at $9,503,120,000 after acquiring an additional 356,618 shares in the last quarter. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares in the last quarter. Geode Capital Management LLC grew its position in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Amundi increased its stake in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock valued at $860,824,000 after buying an additional 1,823,807 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday. They set a “buy” rating and a $281.00 target price on the stock. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $233.41.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $236.78 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $116.29 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 2.70 and a beta of 0.95. The stock’s fifty day moving average price is $228.03 and its two-hundred day moving average price is $223.84. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last released 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%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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 given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.