Skandinaviska Enskilda Banken AB publ Has $19.34 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Skandinaviska Enskilda Banken AB publ lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 51.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 95,960 shares of the financial services provider’s stock after selling 100,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Marsh & McLennan Companies were worth $19,339,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MMC. Glenview Trust Co boosted its holdings in shares of Marsh & McLennan Companies by 2,554.0% during the 3rd quarter. Glenview Trust Co now owns 103,427 shares of the financial services provider’s stock worth $20,844,000 after buying an additional 99,530 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Marsh & McLennan Companies by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 4,872,982 shares of the financial services provider’s stock valued at $982,071,000 after purchasing an additional 441,029 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Marsh & McLennan Companies by 4.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 172,637 shares of the financial services provider’s stock valued at $34,792,000 after purchasing an additional 7,809 shares during the period. PNC Financial Services Group Inc. grew its stake in Marsh & McLennan Companies by 12.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 671,907 shares of the financial services provider’s stock worth $135,409,000 after buying an additional 73,526 shares in the last quarter. Finally, NorthStar Asset Management LLC NJ grew its holdings in shares of Marsh & McLennan Companies by 3.2% during the 3rd quarter. NorthStar Asset Management LLC NJ now owns 7,301 shares of the financial services provider’s stock valued at $1,471,000 after purchasing an additional 223 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

MMC has been the subject of several research analyst reports. Cantor Fitzgerald dropped their price objective on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Citigroup lowered their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Finally, Barclays upped their target price on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $216.88.

Marsh & McLennan Companies Stock Down 1.7%

Marsh & McLennan Companies stock opened at $182.39 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The business’s 50-day moving average price is $183.96 and its 200 day moving average price is $190.80. The firm has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, January 29th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.