Busey Bank Sells 76 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Busey Bank reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,266 shares of the financial services provider’s stock after selling 76 shares during the quarter. Busey Bank’s holdings in Marsh & McLennan Companies were worth $269,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its position in shares of Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after buying an additional 6,282 shares during the period. Geode Capital Management LLC grew its stake in shares of Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Citigroup Inc. lifted its position in shares of Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. boosted its holdings in Marsh & McLennan Companies by 16.8% during the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 7,380 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Stock Performance

MMC opened at $220.80 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $108.44 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The business has a fifty day simple moving average of $217.95 and a 200 day simple moving average of $221.40. Marsh & McLennan Companies, Inc. has a 1 year low of $190.41 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies’s payout ratio is 40.15%.

About Marsh & McLennan Companies

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.