NBT Bank N A NY Cuts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NBT Bank N A NY reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,648 shares of the financial services provider’s stock after selling 784 shares during the period. NBT Bank N A NY’s holdings in Marsh & McLennan Companies were worth $6,085,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Impax Asset Management Group plc increased its position in Marsh & McLennan Companies by 5.6% during the 3rd quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock worth $403,200,000 after purchasing an additional 95,540 shares in the last quarter. Summit Global Investments increased its position in Marsh & McLennan Companies by 15.7% during the 3rd quarter. Summit Global Investments now owns 1,535 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 208 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $41,000. CWA Asset Management Group LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $720,000. Finally, Verdence Capital Advisors LLC increased its position in Marsh & McLennan Companies by 21.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,245 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 216 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $235.40 on Monday. The business’s fifty day moving average price is $222.83 and its 200 day moving average price is $223.35. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The stock has a market capitalization of $115.61 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analyst Ratings Changes

A number of analysts recently issued reports on MMC shares. Raymond James reissued an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Barclays increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Company 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.