Cumberland Partners Ltd Trims Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cumberland Partners Ltd reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,476 shares of the financial services provider’s stock after selling 1,710 shares during the quarter. Marsh & McLennan Companies comprises approximately 2.3% of Cumberland Partners Ltd’s holdings, making the stock its 16th largest position. Cumberland Partners Ltd’s holdings in Marsh & McLennan Companies were worth $27,300,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its holdings in shares of Marsh & McLennan Companies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after purchasing an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after purchasing an additional 10,161 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Marsh & McLennan Companies by 5.5% in the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 75 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $2,825,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.2 %

MMC traded up $0.31 on Tuesday, hitting $201.74. The company had a trading volume of 1,920,399 shares, compared to its average volume of 1,738,390. The stock has a fifty day moving average price of $203.07 and a 200-day moving average price of $197.04. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $99.40 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 3.39 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Cowen raised their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley lifted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $207.69.

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.