HTLF Bank Lowers Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

HTLF Bank trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,299 shares of the financial services provider’s stock after selling 300 shares during the period. HTLF Bank’s holdings in Marsh & McLennan Companies were worth $290,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kingfisher Capital LLC grew its position in Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 47 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after buying an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in Marsh & McLennan Companies by 2.3% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 49 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Marsh & McLennan Companies by 0.6% during the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock valued at $1,887,000 after acquiring an additional 51 shares in the last quarter. Finally, X Square Capital LLC increased its holdings in Marsh & McLennan Companies by 1.8% during the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 51 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,566 shares of company stock valued at $4,420,137 in the last ninety days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $226.02 on Wednesday. The firm has a market capitalization of $111.37 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company’s fifty day moving average price is $224.84 and its 200-day moving average price is $214.59. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the business earned $2.20 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MMC. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada raised their price objective 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. Finally, Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $216.69.

About Marsh & McLennan Companies

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.