TCTC Holdings LLC Sells 572 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TCTC Holdings LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,166 shares of the financial services provider’s stock after selling 572 shares during the quarter. TCTC Holdings LLC’s holdings in Marsh & McLennan Companies were worth $1,599,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the 1st quarter worth about $27,000. Carmichael Hill & Associates Inc. raised its position in 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 valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $31,000. Crewe Advisors LLC boosted its position in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares during the last quarter. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Bank of America lifted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $225.33.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $225.36 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $232.32. The company has a market cap of $110.68 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.32 and a beta of 0.94. The stock has a fifty day moving average price of $224.83 and a 200-day moving average price of $217.07.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Marsh & McLennan Companies Company 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.