Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 155,986 shares of the financial services provider’s stock after purchasing an additional 3,111 shares during the period. Whittier Trust Co.’s holdings in Marsh & McLennan Companies were worth $34,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. RFG Advisory LLC grew its stake in shares of Marsh & McLennan Companies by 18.1% in the 1st quarter. RFG Advisory LLC now owns 1,583 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 243 shares during the last quarter. &PARTNERS purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at $311,000. AdvisorNet Financial Inc lifted its stake in Marsh & McLennan Companies by 3.8% in the 1st quarter. AdvisorNet Financial Inc now owns 1,844 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 68 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $2,688,000. Finally, Austin Private Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $237,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The shares were 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 $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,566 shares of company stock valued at $4,420,137. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $2.50 during trading on Monday, reaching $222.16. The company’s stock had a trading volume of 909,111 shares, compared to its average volume of 1,667,514. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The firm has a market cap of $109.46 billion, a PE ratio of 28.20, a P/E/G ratio of 3.58 and a beta of 0.94. The business’s 50-day moving average price is $225.28 and its 200-day moving average price is $215.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the company earned $1.57 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MMC shares. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective on the stock. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Bank of America raised their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $221.93.

Marsh & McLennan Companies Company 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.