Whittier Trust Co. of Nevada Inc. Has $13.33 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Whittier Trust Co. of Nevada Inc. increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,768 shares of the financial services provider's stock after purchasing an additional 2,819 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Marsh & McLennan Companies were worth $13,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMC. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth $36,000. Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Up 0.9 %

MMC stock traded up $2.16 during mid-day trading on Tuesday, hitting $236.78. The stock had a trading volume of 1,444,379 shares, compared to its average volume of 1,638,149. The stock has a market capitalization of $116.29 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84. The company has a fifty day moving average of $227.57 and a 200 day moving average of $223.78.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced 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 return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.38%. Marsh & McLennan Companies's dividend payout ratio is 39.80%.

Insider Activity

In other news, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,828 shares of company stock valued at $13,350,279. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MMC. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They set a "buy" rating and a $281.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Evercore ISI reaffirmed an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $233.41.

Marsh & McLennan Companies 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.