Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 204.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,640 shares of the financial services provider’s stock after purchasing an additional 5,799 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Marsh & McLennan Companies were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. increased its holdings in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Crewe Advisors LLC lifted its stake in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at approximately $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock opened at $215.07 on Friday. The company has a market cap of $105.63 billion, a P/E ratio of 26.49, a PEG ratio of 2.58 and a beta of 0.94. The firm has a fifty day moving average of $224.12 and a two-hundred day moving average of $220.67. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MMC. Roth Mkm upped their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $242.00 to $250.00 in a research report on Thursday. Barclays upped their target price on 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. Finally, BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $228.13.

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.