Hills Bank & Trust Co Sells 75 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hills Bank & Trust Co lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,046 shares of the financial services provider’s stock after selling 75 shares during the period. Hills Bank & Trust Co’s holdings in Marsh & McLennan Companies were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Valley National Advisers Inc. boosted its holdings in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after buying an additional 103 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. OFI Invest Asset Management bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $28,000. Headinvest LLC bought a new stake in Marsh & McLennan Companies during the 3rd quarter worth $28,000. Finally, Cordant Inc. acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. TD Cowen lifted their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $207.69.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 in the last three months. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Up 0.4 %

Shares of Marsh & McLennan Companies stock traded up $0.92 on Friday, reaching $205.76. The company had a trading volume of 379,915 shares, compared to its average volume of 1,688,031. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The firm has a market cap of $101.38 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 3.31 and a beta of 0.90. The firm’s 50-day moving average price is $202.82 and its two-hundred day moving average price is $197.76.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the firm posted $2.53 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

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.